Wazzup Pilipinas!
The Department of Transportation and Communications (DOTC) is beginning a three (3)-year program aimed at generating growth for the country’s agribusiness trade, directly benefitting workers in the agricultural and fisheries sectors across the country, in line with President Benigno S. Aquino III’s push for inclusive growth.
The DOTC announced on Wednesday (May 8, 2013) that it has signed a Cooperation Agreement with the International Finance Corporation (IFC) to pursue various policy and regulatory reforms in the Philippine shipping sector in order to improve our farmers’ market access and integration by reducing the cost of domestic shipping.
The project will involve a diagnostic review by the IFC to identify areas where pro-competitive practices will help meet these goals. The DOTC will work together with its frontline agencies, the Maritime Industry Authority (MARINA) and the Philippine Ports Authority (PPA), in reviewing the results of the study and implementing the recommendations of the IFC from 2013 to 2016.