THE Department of Trade and Industry (DTI) on Wednesday urged the private sector to integrate micro, small and medium enterprises (MSMEs) in the value chain to support their development in line with the priorities of the Duterte administration.
In a speech during the general membership meeting of the American Chamber of Commerce of the Philippines held at the New World Hotel in Makati City on September 21, Trade Secretary Ramon Lopez urged AmCham members to adopt an inclusive business model that integrates MSMEs into the value chain, from supply sourcing to distribution.
“Mall owners have approved, in principle, the proposal to give high-quality products from various towns in the country considerable exposure in the mainstream market,” he said.
Employing about 60 percent of the country’s workforce, MSMEs can be frontrunners of “innovation-led and idea-based” entrepreneurship, producing products that are “game-changing, value-adding and can truly make a difference in the market,” he said.
With a strong mandate from President Duterte to alleviate poverty and uplift the quality of life of Filipinos through sustainable economic growth that generates more income opportunities through employment and entrepreneurship, Lopez said the DTI has made this objective its priority agenda.
“There is now a greater likelihood of success” for Filipinos to step out of poverty, he told the AmCham members.
Lopez emphasized the DTI’s “Trabaho at Negosyo” paradigm and mentioned initiatives to improve ease of doing business primarily by streamlining and modernizing the business permit and licensing system in coordination with the Department of Interior and Local Government and the Department of Information and Communications Technology.
To further promote the growth of MSMEs, DTI establishes Negosyo Centers that cater to existing and aspiring entrepreneurs by helping them secure licenses and permits and improve product quality, packaging and marketing, among many others.
The current 299 Negosyo Centers across the country will continue to increase by yearend, he said.
Similarly, DTI’s more than 2,000 shared service facilities (SSF) enhance MSME productivity by accelerating product development and innovation measures, thus making products saleable and more relevant to market needs.
AmCham members were informed of DTI’s strategies to improve domestic and international markets, to maximize gains from free trade agreements, and to manage the impact of the Asean economic integration, including through effective implementation of industry roadmaps.