Page 21 - Philippine Development Plan (2017-2022) Abridged Version

Expanding Economic Opportunities
in Industry and Services through

Trabaho at Negosyo

By 2022, the Industry and Services (I&S) sector will
be globally competitive. Economic ties with other
countries will be strengthened, leading to free trade
agreements and other cooperative agreements that
can be maximized by local stakeholders. Citizens will
be given access to economic opportunities through
job creation and encouraging entrepreneurship in the
country. Targets set for the I&S can be found in Table
9.1 of the full PDP 2017-2022 document.

Strategies

Expanding economic opportunities in the I&S entails creating Trabaho and Negosyo,
which will provide income to people and ensure availability of good quality products
and services in the country at competitive prices.

To increase local and foreign direct investments
• Strengthen value and supply linkages through:
- Implementing the comprehensive national industrial strategy;
- Adopting a holistic market-driven perspective (See also PDP Chapter
8).
- Improving backbone services such as financial, telecommunications,
distribution, transport, and logistics services;
- Enhancing business services such as legal and accounting, research
and development, and packaging; and
- Implementing the new medium-term National Tourism Development
Plan.
• Remove restrictions, provide incentives, and promote job-creating
investments through:
- Amending restrictive economic provisions in the Constitution;
- Modernizing the incentive system to remove nationality and export
biases;
- Implementing aggressive investment promotion programs;
- Addressing cross-cutting issues (See also PDP Chapter 19); and
- Supporting the development of the services subsectors outside value

Part 3 Inequality-Reducing Transformation (“Pagbabago”) | 21