Open economy now – PCCI

The Philippine Chamber of Commerce and Industry (PCCI) has been advocating for the opening up of the Philippine economy for years. With the COVID-19 pandemic affecting the country’s economy, the PCCI is now pushing for the government to take bold steps towards opening up the economy.

The PCCI believes that opening up the economy will help create jobs, attract foreign investments, and boost economic growth. The organization has been urging the government to remove restrictions on foreign ownership, reduce bureaucratic red tape, and improve the ease of doing business in the country.

The PCCI also believes that the government should focus on developing the country’s infrastructure, particularly in the areas of transportation and telecommunications. This will help improve connectivity and make it easier for businesses to operate in the country.

The PCCI has been working closely with the government to push for these reforms. The organization has been holding dialogues with government officials and other stakeholders to discuss the benefits of opening up the economy.

The PCCI believes that the Philippines has a lot of potential to become a major player in the global economy. The country has a young and educated workforce, a strategic location, and a growing middle class. By opening up the economy, the Philippines can attract more foreign investments and create more jobs for its people.

The PCCI is also calling on the government to prioritize the development of the country’s agriculture and manufacturing sectors. These sectors have the potential to create jobs and boost economic growth in the country.

In conclusion, the PCCI believes that opening up the Philippine economy is crucial for the country’s economic recovery and long-term growth. The organization is urging the government to take bold steps towards this goal and work closely with the private sector to achieve it. With the right policies and reforms in place, the Philippines can become a major player in the global economy and provide a better future for its people.