new industrial policy to create more and higher quality jobs and attain sustainable and inclusive growth
proper environment and strengthen Philippine industries in order for them to become globally competitive
promote domestic industries in both the local and global markets
Upgrading manufacturing and integrating it with the agriculture and services sectors to promote strong forward and backward linkages can lay the foundation for the Philippine economy’s structural transformation
Industrial policies are crucial to enhance firm productivity, deepen linkages of domestic firms and SMEs with large domestic and multinational companies, and aggressively court more investment. Policies will also be necessary to boost the survival of new entrants and provide assistance for the growth and development of SMEs.
programs should be formulated to improve technological and human resource capabilities as well as to strengthen supply chains
Comprehensive National Industrial Strategy (CNIS) will link and integrate manufacturing, agriculture and services; address supply chain gaps; and deepen industry participation in global value chains
Strategic actions include human resource development; SME development; innovation and R&D activities; green industries; aggressive promotion and marketing programs; infrastructure investments to address the high cost of power, logistics and shipping; and streamlining and automation of government procedures and regulations affecting business operations.
By creating the proper environment, industries can unleash their full potential to take advantage of current and prospective market opportunities, thereby becoming engines for job creation, poverty reduction, and sustained and inclusive growth.
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