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DTI reports Pascual’s first-year performance

A job performance rating by the RP-Mission and Development Foundation Inc. for June to July 2023 showed a significant increase in ratings for Secretary Alredo Pascual, the Department of Trade and Industry said over the weekend.

Trade Secretary Alfredo Pascual

Results of the survey showed that Pascual’s ranking went up from sixth place in March of 2023 to fourth place in July. This represented a 3-percent increase in his rating from 68 percent in March to 71 percent this month.

This positive rating reflects the foreign and local investment generation leads that DTI gathered since Pascual assumed office in July 2022, the DTI said. “It also shows the public’s trust and confidence as DTI efficiently works on its mandate of ensuring Trabaho, Negosyo at Konsyumer,” the department said in a statement.

Pascual underscored his goal of introducing science, technology and innovation driven approaches to significantly improve the business climate in the country.

Aligned with the Marcos administration’s socio-economic agenda, the DTI prioritizes projects that would strengthen local enterprises, particularly the micro, small and medium enterprises.

The DTI chief also actively worked on gathering foreign direct investments that would generate high-quality and better-paying jobs for Filipinos.

Pascual, in several presidential and state visits abroad, highlighted the enabling business environment as he campaigns the department’s thrust of “Make it Happen in the Philippines.”

Several agreements were enacted and launched, including the Regional Comprehensive Economic Partnership, the Philippine Export Development Plan 2023-2028 and the Philippine E-Commerce Platform under his watch.

The DTI chief also actively pursues free trade agreements and other international partnerships that would strengthen the country’s presence in the global value chain.

The DTI said it remains committed to ensuring ecological responsibility as it pursues investment in renewable energy. Anchored in its digitalization efforts, it also seeks collaboration and partnership with the private sector in launching a green and blue economy.

It said that as part of its mandate to protect consumer rights, the department constantly conducts inspections and strict enforcement of existing regulatory policies for commodities. It also remains at the forefront of ensuring the proper implementation of the Price Act and continuous monitoring of Suggested Retail Prices.

The department is also actively working towards providing programs to ensure a level playing field for local enterprises.

Pascual also emphasized the department’s strong commitment to the Filipino people of ensured access to affordable basic necessities and prime commodities.

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