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OECD Investment Policy Reviews: Philippines 2016

image of OECD Investment Policy Reviews: Philippines 2016

This review assesses the overall investment climate in the Philippines, looking at investment policy, investment promotion and facilitation, competition policy, infrastructure investment and responsible business conduct. The Review documents successful reform episodes over the past 25 years in the Philippines, assesses their impact and suggests areas for further reforms. It looks at how to raise investment levels by both foreign and domestic enterprises and at how to ensure that such investment contributes to sustainable and inclusive growth. The current macroeconomic situation in the Philippines is favourable, remittances are high, the business process outsource industry is booming, and the new Competition Act will help to make the domestic market more competitive. The Review argues for one further reform push to ease the many restrictions on foreign investors in the Philippines so as to provide an investment climate where all firms can invest and grow.

English

Investment promotion and facilitation in the Philippines

This chapter assesses the performance of the Philippines in promoting itself as a destination for foreign investment. It looks at the role of investment promotion in the overall development strategy, at the institutional structure for promotion, the role of monitoring and evaluation, including of incentives, and of the success of some ecozones in reducing red tape for investors. It also considers how to improve coordination among the many investment promotion agencies and with local government units.

English

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