Pro-import DTI chief riles local traders
By Ayen Infante 07/23/2010 New Trade and Industry Secretary Gregory Domingo who was supposedly appointed by President Aquino to a one-year term, did not waste time in earning the displeasure of his constituents in the local domestic industries who are now up in arms over his alleged sweeping statement that greatly favors imports and sub-standard products. Federation of Philippine Industries (FPI) president Jesus Arranza, in a statement, said the new policy directions boasted by Domingo at a meeting with members of the Philippine Chamber of Commerce and Industry (PCCI) recently made it appear that Domingo wants to adopt the law of the jungle or a survival of the fittest and the elimination of the unfit among local businesses. “It appears from the statement of Secretary Domingo that the present dispensation favors trading than manufacturing, that he favors importers who bring in sub-standard products than domestic manufacturers who employ millions of Filipinos and remit billions of taxes to the government,” Arranza said. Domingo supposedly said before the PCCI that he will seek the easing of the entry of imports into the country and apparently said that industries that could not compete should just be allowed to fade away. Arranza said the bias of Domingo to exports is a valid reason for the government to go back to the old set-up of having a separate Department of Trade and Commerce, and a Department of Industry. Source: The Daily Tribune URL: http://www.tribuneonline.org/headlines/20100723hed3.html |
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