The Department of Justice (DOJ) and the University of the Philippines Public Administration Research and Extension Services Foundation Inc. (UPPAF) on Friday entered a memorandum of understanding for competition reforms.
UPPAF is the lead implementing organization for the Regulatory Reform Support Program for National Development (RESPOND) project, which seeks to enhance trade and investment in the country.
“This is between the DOJ-OFC and the RESPOND project to push for the promotion of competition and improvement of regulatory covenants in the country,” RESPOND chief of party Enrico Basilio said at a press conference following the signing.
According to Basilio, they are trying to introduce barriers to market entry and reduce regulatory burdens.
He said this is also very timely as the country faces challenges of economic recovery due to the coronavirus pandemic.
“And also to ensure that our economy grows in very competitive matter and, of course, we want to improve regulatory governance and regulatory quality,” Basilio said.
Basilio said the RESPOND project is also being supported by the US Agency for International Development-Office of Economic Development and Governance (USAID-OEDG).
According to the DOJ, present for the signing were Justice Secretary Jesus Crispin Remilla, Justice Undersecretary Geronimo Sy, Basilio, USAID-OEDG project management specialist Emil Francis De Quiros, and other representatives. — Joahna Lei Casilao/RSJ, GMA Integrated News