Senate OKs bill creating econ strategy to level up Philippine exports

MANILA, Philippines — The Senate on Monday unanimously passed the “Tatak Pinoy (Proudly Filipino)” bill — a measure that creates a national economic plan to boost local industries and diversify the local products that can be exported abroad.

During its final reading, Senate Bill (SB) 2426 received 23 affirmative votes and no negative votes or abstentions.

The proposed “Tatak Pinoy” measure creates a ''Tatak Pinoy'' council and strategy to establish metrics on how government agencies can prioritize local products and make them more globally competitive.

“Tatak Pinoy started as an idea on how to make the Philippine economy stronger by empowering businesses and industries to produce better, more unique and sophisticated goods and services,” read a press release by the bill’s sponsor, Finance Committee Chairperson Sen. Sonny Angara.