Regulations that are overly onerous impede business opportunities, consequently reducing economic competitiveness and growth. On this account, as part of its commitment to enhancing the Philippine market landscape, the Philippine government has made cutting red tape a policy priority. The enactment of a landmark ease of doing business (EODB) statute in 2018 was an early policy triumph of the government that requires its agencies to simplify administrative processes in order to enhance overall regulatory quality.
With this breakthrough, doing business in the Philippines continues to improve, thanks in large part to measures spearheaded by the Anti-Red Tape Authority (ARTA). Nevertheless, continued strategies are being adopted to fill existing regulatory gaps. In recent developments, the Authority announced its collaboration with other government agencies to implement an Ease of Doing Business Reporting System. The establishment of such a monitoring system was launched to ensure business sustainability and to review the streamlining quality of government transaction processes. In this context, the Joint Foreign Chambers of the Philippines' online session entitled "Ease of Doing Business: Connecting Opportunities by Cutting the Red Tape" aims to provide updates on the ease of doing business situation in the Philippines. Likewise, this event will shed a light on the EODB reporting system, which assesses the effectiveness of government services affecting business operations.
Join us for an online session with ARTA on its current initiatives and proposed policy reforms to simplify administrative procedures in the "next normal" of doing business in the Philippines. This virtual forum will also showcase speakers from the Organization for Economic Cooperation and Development and the World Bank as they dig deeper into quality standards on regulatory reforms that could translate to economic benefits and overall competitiveness.