The Export Development Council – Networking Committee on Legislative Advocacy and Monitoring (EDC-NCLAM) is preparing the list of priority legislative agenda, consolidated by various members of the public and private sectors, to be lobbied to the 19th Congress.
The said priority agenda hinges on addressing the needs and concerns of the affected industries. This includes issues on agriculture, public utilities, education, and shipping, among others. Some identified bills and laws for passing and reform are the Public Service Act, PHILPORTS Act, Amendment to Tariff/Customs Law, Domestic International Shipping Industry, and the ASIN Law.
The EDC by virtue of RA 7844 envisions to strengthen the partnership of the public and private sector in export development.FJLI
Senate passes the CREATE bill on final reading
The Senate Bill No. 1357 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill, formerly known as Corporate Income Tax and Incentives Reform Act (CITIRA) was passed on its third and final reading by the Senate on 26 November 2020 with twenty out of twenty-one (20/21) senators voted in favor, and one (1) opposed.
Continue reading “Senate passes the CREATE bill on final reading”EDC recommends legislative priorities for the 18th Congress
The Export Development Council (EDC) through its Networking Committee on Legislative Advocacy and Monitoring (NCLAM) has prioritized the export sector’s legislative agenda for the 18thCongress to have a more competitive export industry.
EDC supports the amendment of the Public Service Act (PSA) to have a clear statutory definition of public utilities and public services. Also, the measure aims to provide greater competition and investment and lower costs to support the flow of goods and services.
On transport and logistics, some of the recommendations include the Amendment of the Philippine Ports Authority (PPA) and Civil Aviation Authority of the Philippines (CAAP) Charter in order to separate the regulatory and operator functions of both agencies.
On trade financing, EDC advocates the amendments to Republic Act 9501 (Magna Carta for MSMEs) to provide an extension of the mandatory allocation of credit resources to set aside 10 percent of their loan portfolio for lending to MSMEs. The amendments will also strengthen the Small Business Corporation (SB Corp.), both in terms of capitalization and exemption from Bangko Sentral ng Pilipinas’ supervisory powers.
There is also a proposal for the amendment of Republic Act 8172 (ASIN Law). EDC acknowledges that there is a need to clarify an exemption in all salt incorporated in export food products.
The EDC- NCLAM as mandated in the Export Development Act aims to assist in the effective implementation of the Act through advocacy of necessary legislative actions that shall promote Philippine exports. The Committee is composed of members from both the relevant public and private sector. –MDGTD