DTI and DA agrees to improve EODB

The Department of Trade & Industry (DTI) DTI Secretary Adrian S. Cristobal, Jr recently signed a Memorandum of Agreement (MOA) with Department of Agriculture Secretary Proceso J. Alcala for the two agencies to jointly facilitate business permits, licenses, and endorsements involving investors applying for registration with the Board of Investments (BOI).

DTI Undersecretary and BOI Managing Head Ceferino S. Rodolfo said that the MOA is expected to improve ease of doing business in the country. “To benefit fully from the ASEAN Economic Community (AEC) and global market access, it is important that we offer a conducive environment to investors, a place where they could quickly set up their business. An important first step is to make it easy for them to comply with government requirements,” he said.

 According to Rodolfo, simplifying business processes, coupled with the implementation of the Comprehensive National Industrial Strategy (CNIS), is keyto the development of the agriculture sector which needs to modernize for it to be globally competitive. The CNIS links the manufacturing sector with agriculture and services sectors to mutually reinforce a virtuous cycle of growth.