PRESIDENT Ferdinand Marcos Jr. has approved the Tatak Pinoy Strategy (TPS), a 10-year national industrial roadmap that aims to strengthen key sectors, create jobs, and lift Filipino products to global standards.
Signed through Memorandum Circular (MC) No. 104 last October 24, the policy directs all government agencies to give preference to local products and services in their procurement.
Under the policy, local suppliers can be awarded contracts if their bids are within 25 percent of the lowest foreign offer. This measure seeks to ensure that the government’s purchasing power directly supports Filipino enterprises.
The Department of Trade and Industry (DTI) said in a statement that the TPS serves as a national framework for industrial transformation anchored on five pillars: people, infrastructure, technology and innovation, investments, and sound financial management.
“The TPS empowers our MSMEs (micro, small and medium enterprises) and industries to innovate with purpose, produce with pride, and compete globally with confidence,” Trade Secretary Cristina Roque said on Monday, November 3.
The DTI said the multi-year blueprint operationalizes the Tatak Pinoy Act and supports the Philippine Development Plan 2023–2028. (Jordeene B. Lagare © Philippine Daily Inquirer)
