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Republic Act No. 11595 eases the requirements for foreign retailers to invest in or engage in retail trade in the Philippines, as follows: Removes Categories for Prequalification and Lowers Minimum Paid-up Capital Requirement.
24 Ιαν 2024 · On February 14, 2019, former President Rodrigo Duterte signed into law the Republic Act (RA) No. 11203 or “An Act liberalizing the importation, exportation, and trading of rice, lifting for the purpose the quantitative import restriction on rice, and for other purposes.”.
– The monitoring and regulation of foreign retailers allowed to engage in retail trade in the Philippines shall be the responsibility of the SEC, with respect to partnerships, associations, and corporations, or of the DTI, with respect to single proprietorships.
Philippine trade policy has changed significantly in many occasions. Here we argue, though the analysis of historical data available (from 1949 to present) that we do not have any constant trade policy that is
RA 11595 aims to further simplify and ease the requirements for entry and continuance of foreign retail shops or enterprises in the Philippines. The Act is passed into law at a time when the Philippine economy is affected by the global COVID-19 pandemic.
1 Ιαν 2017 · Trade Policy in the Philippines. Treading a Cautious Path. Jose L Tongzon. The Philippines has been an active supporter of the WTO and the interests of the developing countries while it is fully committed to the realization of an ASEAN economic integration.
RA 11595 provides that foreign-owned retail enterprises must have a minimum paid-up capital of at least PHP 25 million. Furthermore, foreign retailers engaged in retail trade through more than one physical store must have a minimum investment per store of at least PHP 10 million.
