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
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”
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.
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 .
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.