Press Release
AKO BICOL PARTY-LIST
REP. ALFREDO A. GARBIN, JR.
Member, Committee on Trade and Industry
09177292437 | Twitter @AlfredoGarbin
RIGHT TIME FOR CITIRA IS NOW. Take advantage of China-US trade war and shift of supply chain
CITIRA BILL WILL CONVINCE INVESTORS TO REBUILD THEIR SUPPLY CHAINS IN THE PHILIPPINES
Supply chains have unraveled because of COVID-19. China and the USA are in a trade war. The proposed Corporate Income Tax and Incentives Reform Act (CITIRA) has an array of countermeasures for the looming COVID-19 recession.
The CITIRA bill will insulate our economy from further contagion because it addresses perennial issues which have kept foreign investors from coming over.
The old strategies of investment enclaves no longer hold the weight they did in the late 20th Century.
CITIRA fosters integrated and inclusive economics by dispersing incentives across industries and strengthening foundations.
The fortress approach is vanishing. Walls are coming down. No more castles on hills.
CITIRA harnesses the power of our consumer market of 109 million people, the country’s economic resilience, and its highly talented workforce.
In combination with the revised Corporation Code and amendments to the Public Service Act, the CITIRA bill will keep many ecozone locators here and convince many more new investors to rebuild their supply chains in the Philippines. (END)
