The time has come to uncouple DTI and create a Department of Trade to take care of external and domestic trade matters and a Department of Industry and Investments.
The Department of Transportation and Communication was split into Department Transportation and Department of Information and Communication Technology when the Executive branch and Congress came to agree that transportation and communication were two unconnected objects of governmental activity. By correcting the structural weaknesses of the Cabinet and making possible due recognition of the changes that have taken place in the marketplace and in Philippine society, these changes have facilitated the jobs of national governance.
The idea that the trade and industry belong together and that one Cabinet entity should be administering the country’s trade and industrial affairs is essentially flawed. One doesn’t need to be an economist to appreciate that trade and industry are not one and the same thing. In the most simplistic formulation, industry relates to the production of goods and services, while trade relates to their distribution.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MlaStandard - 🏆 20. / 55 Read more »