THE National Competitiveness Council (NCC) said on Tuesday it has been granted technical assistance by the British Embassy through the Asia Pacific Bilateral Program Fund to support Project Repeal.
Project Repeal is an initiative of the Department of Trade and Industry (DTI) and the NCC and seeks to repeal, delist, consolidate or amend department issuances and regulations considered outdated, redundant or contradictory to help eliminate red tape and curb corruption.
British Ambassador to the Philippines Asif Ahmad, Trade Secretary Ramon Lopez and NCC private sector co-chairman Guillermo Luz were set to sign a memorandum of agreement on the said assistance on Tuesday at the Asian Institute of Management (AIM) Conference Center in Makati City.
The assistance will be used for the development, pilot-testing and initial roll-out of the Standard Cost Model for Project Repeal in a bid to come up with a systematic way of determining the savings brought about by reduced cost of compliance for businesses as a result of the streamlining of rules and regulations.
“Red tape is among the top concerns that dampen business confidence and holds back the Philippines’ overall competitiveness,” Luz said.
He added that the country is firmly committed to reducing red tape through the simplification and streamlining of rules and regulations from national government agencies to local governments.