Page 26 - DTI Prosperity Plan 2022

Implement the Comprehensive National Industrial Strategy (CNIS) to upgrade selected industries
that generate employment, integrate manufacturing, agriculture and services, address supply
chain gaps, and deepen industry participation in global value chains.

Further enhance the country’s competitiveness and address cross-cutting issues that impede
the country’s competitiveness (e.g. power, logistics and transport costs) including liberalizing
foreign equity investments initially in public utilities by amending the Public Service Act and
pertinent economic provisions in the Constitution.

Promote and develop the Agribusiness Sector by identifying profitable agri-fishery products
supported by a holistic market-driven perspective, farming technologies, training in more
sophisticated farming techniques, creating stable supply chains, establishing transport and
agricultural infrastructure, investing in R&D, facilitating technology diffusion and securing a
reliable property rights regime.

Spur an entrepreneurial revolution and encourage the formalization and growth of MSMEs
through the full implementation of the Go Negosyo Law, MSME Development Plan, and the APEC
2015 Action Agenda to Globalize MSMEs.

Foster the convergence of the different livelihood and entrepreneurship programs among
government agencies. Adopt the 2017-2022 Livelihood Agenda which envisions the transition of
informal workers and informal economic units to the formal economy with full respect to the
fundamental rights and principles at work.

Adopt a localized approach to employment generation. We recognize that Local Governments
know best the challenges in their respective areas. Focus will be on regions with high
underemployment rate.

Transform the Philippines into a strong, productive, innovative, and competitive exporting nation
by implementing a comprehensive domestic and export development plan.

Sustain the growth of and investments in the services sector, specifically, IT-BPM, Tourism,
Wholesale and Retail Trade by implementing:

a.) PH Future-Ready Roadmap 2022 of the IT-BPM cognizant of the growth opportunity
towards high-value added services,

b.) Tourism Pathways to Industry Growth and Development: “may Turismo, para sa Tao
at Trabaho”, and

c.) Strategies to take advantage of the population growth and changing demographics,
technological advancement, rising urbanization, and expanding incomes that will further
accelerate the growth of the Retail Sector.

21 PROSPERITY PLAN 2022