signing of MOA

The Department of Trade and Industry (DTI), through the Board of Investments – Investment Assistance Center (BOI-IAC), has signed the Memorandum of Agreement (MOA) with the Food and Drug Administration (FDA) to hasten the facilitation of issuance of FDA permits and licenses for BOI applicants/investors in accordance with the FDA’s Citizen Charter. BOI-IAC Executive Director Atty. Raul Angeles (third) was the signatory of BOI while the FDA Acting Director General Dr. Kenneth Hartigan-Go (second) signed in behalf of the FDA. The MOA signing was witnessed by the FDA Deputy Director General Atty. Ronald De Veyra (first) and the BOI-IAC Director Domingo Bagaporo (last). This agreement with the FDA is the second to be signed after the similar agreement with the Department of Environment and Natural Resources - Environmental Management Bureau (DENR-EMB) was signed March this year. By 2016, the BOI is targeting signed ten (10) MOAs with other government agencies. They are currently negotiating with Securities and Exchange Commission (SEC), Housing and Land Use Regulatory Board (HLURB), Bureau of Customs (BOC), and Department of Agriculture (DA). The overall objective of this agreement is to make investing in the Philippines easier, and thus more attractive to investors.