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Industrial Policy and the Need for Institutional Reforms in International Trade Policy Making & Negotiations

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Industrial Policy and the Need …

Industrial Policy and the Need
for Institutional Reforms in International Trade Policy Making & Negotiations
by Jessica Reyes-Cantos

Published in Business , Technology
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  • 1. Industrial Policy and the need for Institutional Reforms in International Trade Policy Making & Negotiations Jessica Reyes-Cantos Chief of Staff Deputy Speaker Lorenzo R. Tañada III A presentation for FNF 10 February 2012
  • 2. Overview of presentation
    • Industrial Policy – Some Thoughts
    • Current Institutional Framework on Trade Negotiations
    • Current Issues
    • Proposal to Create the Philippine Trade Representative Office
  • 3. INDUSTRIAL POLICY
    • Nations have risen out of poverty through the process of industrialization
    • It involves the following elements:
    • - qualitative increase in the use of capital and machinery, increase in labor productivity
    • - large scale production of goods of high technological content
  • 4. Industrial Policy
    • Strategic integration into the global market
    • The State plays an indispensible role in undertaking strategic integration
    • Montes Thesis: “Industrial policy, defined as State intervention to support new production activities and build domestic capabilities in specific areas, is more INDISPENSIBLE for countries seeking to pursue their development by integrating internationally”
  • 5. Industrial Policy
    • Selective and sectoral – tax and import privileges, engineering education, cascading tariff structure, selective credit allocation
    • “ Industrial” in industrial policy does not mean that this type of policy can apply only to the manufacturing sector. What is important is the choice of specific industries that is subject to selective intervention.
  • 6. Industrial Policy
    • Industrial policy involves targeting justified from development objectives
    • Industrial policy imposes stresses and strains on international trade regime
  • 7. Presentation Outline
    • I. Industrial Policy – Some Thoughts
    • II. Current Institutional Framework on Trade Negotiations
    • III. Current Issues
    • IV. Proposal to Create the Philippine Trade Representative Office
  • 8. There are several government agencies currently involved in trade policy-setting and trade negotiations: Institutional Framework
    • Committee on Trade and Related Matters (CTRM)
    • Department of Trade and Industry (DTI)
    • Department of Agriculture (DA)
    • Department of Foreign Affairs (DFA)
    • National Economic and Development Authority (NEDA)
  • 9. Inter-agency involvements (by agreement) Institutional Framework
    • Technical Committee on WTO Matters (TCWM)
    • Philippine Permanent Mission to the WTO
    ASEAN/APEC
    • Philippine Council on ASEAN and APEC Cooperation
    Bilaterals WTO Matters
    • Philippine Coordinating Committee
    • Joint Coordinating Committee for NAMA (JCC-NAMA)
  • 10. Committee on Trade and Related Matters
    • Advises the President and the NEDA Board on tariff and related matters, and on the effects on the country of various international developments; coordinates agency positions and recommends national positions for international economic negotiations.
    • Has 3 levels: Committee proper (cabinet-level), Technical Committee (undersecretaries and directors), and Sub-Committees .
  • 11. Department of Trade and Industry
    • Takes the primary role in negotiating and reviewing international trade agreements;
    • Develops, promotes, regulates trade, industry, and investments;
    • Develops foreign trade;
    • Promotes exports;
    • Implements measures to protect Filipino enterprises against unfair foreign competition and trade practices;
    • Regulates importation
  • 12. DTI – Bureau of International Trade Relations
      • Primary agent responsible for all matters pertaining to foreign trade relations, especially market access and related matters;
      • Formulates positions and strategies for trade negotiations;
      • Coordinates with other government agencies to ensure consistency in the government’s positions in trade negotiations and related activities;
      • Consults with industry groups and provides technical advice and information;
      • Identifies tariff and non-tariff barriers affecting products of export interest to the Philippines
  • 13. Department of Foreign Affairs
    • Conducts the country’s foreign relations;
    • Serves as the channel for matters involving foreign relations;
    • Negotiates treaties and other agreements;
    • Promotes trade, investments, tourism, and other economic relations with other countries
  • 14. DFA Offices involved in international trade
      • Office of the Undersecretary for International Economic Relations (OUIER)
      • Office of the Undersecretary for United Nations and International Organizations (UNIO)
      • Office of the Undersecretary for Policy (OUP)
  • 15. National Economic and Development Authority
      • Central economic and planning agency that is constitutionally mandated and primarily responsible for formulating social and economic policies, plans and programs
  • 16. Department of Agriculture
      • Provides domestic support
      • Exploits market access advantages
  • 17. Inter-agency involvements (by agreement) Institutional Framework
    • Technical Committee on WTO Matters (TCWM)
    • Philippine Permanent Mission to the WTO
    ASEAN/APEC
    • Philippine Council on ASEAN and APEC Cooperation
    Bilaterals WTO Matters
    • Philippine Coordinating Committee
    • Joint Coordinating Committee for NAMA (JCC-NAMA)
  • 18.
    • I. Industrial Policy – Some Thoughts
    • II. Current Institutional Framework on Trade Negotiations
    • III. Current Issues
    • IV. Proposal to Create the Philippine Trade Representative Office
    Overview of presentation
  • 19. Current Issues
    • Proliferation of bilateral trade agreements
    • Lack of transparency and coordination among government agencies
    • Lack of consultation with industry and the private sector
    • Need for re-examination of current policies
    • Need for unified, coordinated approach to trade and tariff policy
  • 20. Current Issues
    • Proliferation of bilateral trade agreements
    • Lack of transparency and coordination among government agencies
    • Lack of consultation with industry and the private sector
    • Need for re-examination of current policies
    • Need for unified, coordinated approach to trade and tariff policy
  • 21. Current Issues
    • Proliferation of bilateral trade agreements
    • Lack of transparency and coordination among government agencies
    • Lack of consultation with industry and the private sector
    • Need for re-examination of current policies
    • Need for unified, coordinated approach to trade and tariff policy
  • 22. Current Issues
    • Proliferation of bilateral trade agreements
    • Lack of transparency and coordination among government agencies
    • Lack of consultation with industry and the private sector
    • Need for re-examination of current policies
    • Need for unified, coordinated approach to trade and tariff policy
  • 23. Current Issues
    • Proliferation of bilateral trade agreements
    • Lack of transparency and coordination among government agencies
    • Lack of consultation with industry and the private sector
    • Need for re-examination of current policies
    • Need for unified, coordinated approach to trade and tariff policy
  • 24. Overview of Presentation
    • I. Industrial Policy – Some Thoughts
    • Current Institutional Framework on
    • Trade Negotiations
    • III. Current Issues
    • IV. Proposal to Create the Philippine Trade Representative Office
  • 25. ESTABLISHING A FRAMEWORK FOR RESPONSIBLE AND ACCOUNTABLE TRADE NEGOTIATIONS BY CREATING THE PTRO HB 56 Deputy Speaker Lorenzo Tañada III
  • 26. Declaration of Policy
    • The State shall pursue a trade policy that serves the general welfare, creates jobs, ensures food security, rural and industrial development and utilizes all forms and arrangements of exchange on the basis of fair trade
    • Market access in itself is not the end goal of trade negotiations.
  • 27. Objectives of the Bill
    • Coherent and cohesive trade policy
    • Consultative mechanism
    • Penalties for non-consultation
    • Transparency
    • Accountability
    • Assert Congress’ power over commerce
  • 28. Mechanism
    • Establishment of the Trade Rep Office attached to the Office of the President
    • Trade Rep and 3 Deputies are tenured but with limitations in appointments as well as post tour of duty
    • Strong research and databanking arm
    • Strong legal support
    • Inter-agency Coordinating Committee
    • Multi-Sectoral Advisory Committee
    • Congressional Oversight Committee
  • 29. Functions of PTRO
    • Conduct research & legal studies to enhance trade policy formulation
    • Obtain, collate & maintain a database
    • Consult stakeholders
    • Formulate the Philippine trade position
    • Negotiate trade & investment agreements
    • Advise the Pres & Congress
    • Assert & protect the country’s interests under all trade & investment agreements
  • 30. Maraming salamat po!