Philippine leader gives order to start easing foreign business restrictions

24 Nov, 2017

Philippine President Rodrigo Duterte has instructed government agencies to scrap or start easing barriers that foreigners face in multiple business and employment sectors, part of moves to liberalise an economy long criticised as restrictive. The directive, made public on Thursday, said the aim was to pursue stronger economic growth, create fairness and to enable partnerships to develop.
Duterte's directive ordered government agencies to "take immediate steps to lift or ease restrictions on foreign participation", including those that will require new legislation. The directive specified eight areas or activities where changes will be made, including construction and repairs for government-funded projects, private recruitment for both domestic and overseas employment, teaching at higher education levels, as well as processing and "trading except retailing" of rice and corn.
Some of the eight are broad and open to interpretation, such as retail trade enterprises, domestic market enterprises and public services other than those recognised as utilities. There remains some debate in the Philippines about what is considered a utility. The directive, dated November 21, also called for openness in "particular professions where allowing foreign participation will redound to public benefit".

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