The Department of Trade and Industry (DTI) and the Board of Investments (BOI) will conduct a series of fora in Makati City to update stakeholders on the status of the country’s industry roadmaps. The series dubbed “Trade and Industry Development (TID) Updates” will hold a forum on August 13. The first TID Updates will discuss the manufacturing, copper and chemicals industry roadmaps. According to the BOI, the Manufacturing Sector grew by 20.4% during the first quarter of the year and has drawn in Php 3.4 billion worth of investments. The agency stressed that the Manufacturing sector will be crucial in generating meaningful jobs and promoting sustainable and inclusive growth as the country prepares for the ASEAN Economic Integration come 2015. Meanwhile, the Philippine Institute for Development Studies, one of the government partners in the development of the industry roadmaps, has stated that the Manufacturing Sector can provide employment opportunities for the poor and can offer relatively higher wages. DTI Secretary Gregory Domingo will deliver the keynote address during the first TID Updates. Other forum speakers are DTI Undersecretaries Adrian Cristobal Jr. and Ponciano Manalo Jr., Dr. Rafaelita Aldaba of Philippine Institute for Development Studies (PIDS), Oscar Melencio of Samahan sa Pilipinas ng mga Industriyang Kimika (SPIK) and Angel Veloso of Philippine Associated Smelting and Refining Corporation. Panelists will include Norio Usui of the Asian Development Bank, Raul Joseph Concepcion from the private sector; Dr. Cielito Habito from the academe, and from the labor sector, Dr. Rene Ofreneo. TID Updates will gather foreign and local chambers, embassies, industry associations, development institutions, media and other key players from the public and private sectors in the discussion of industry roadmaps. The roadmaps will guide all stakeholders in the crafting of the annual Investment Priorities Plan (IPP) and help define government positions and strategies for trade and investment negotiations, as well as identify value-chain gaps to guide investments promotion. The DTI and BOI launched the Industry Development Program (IDP) last year to support the Philippine Development Plan’s mandate for the formulation of a Comprehensive National Industrial Strategy (CNIS). The IDP encourages the private sector to come up with industry roadmaps, in collaboration with government, academe and civil society to chart the direction, goals and strategies for key industries and form the basis for the development of the CNIS. Moreover, these roadmaps should also identify supply chain gaps and needed reforms to enhance competitiveness and sustain inclusive growth. Source: DTI Public Relations Office