THE American Chamber of Commerce of the
Philippines (AmCham Philippines) said it is looking
forward to the passage of
the Creative Services Industries Development Act,
a much-awaited law that is
expected to spur growth of a
sector already contributing
over seven percent of GDP
in the country.
According to AmCham,
the passage of the legislation
creating strong institutional
bodies, plans, and incentives
at the national and local level is crucial to achieving the
Philippine goal of becoming
the top creative economy in
the ASEAN region in terms
of size and value by 2030.
Speaker Lord Allan identified the bill as one of the priorities the lower house
intends to pass.
The creative industry covers diverse fields including audio and audiovisual media, creative services, cultural sites, design, digital interactive media, performing arts, print and publishing, traditional cultural expressions, and visual arts.
The bill on Creative Industries has been approved by the Creative Industry Committee chaired by Rep. Christopher de Venecia and, subsequently, by the Appropriations Committee under its chairperson Rep. Eric Yap.
“With inclusion of the bill in the House’ list of priorities, we are optimistic that the bill will be reported out to plenary and approved soon,” commented AmCham Philippines Executive Director Ebb Hinchliffe.
Meanwhile, deliberations in the Senate have commenced and business groups anticipate filing of the committee report on the measure, with Trade Committee Chairperson Aquilino “Koko” Pimentel’s commitment to shepherd the bill to passage.
AmCham Philippines has formed its first Creative Industries Committee which held its inaugural meeting on August 3 in cooperation with the Creative Economy Council of the Philippines. Future committee sessions will focus on the Philippine Creative Industries Act.
Co-sponsoring AmCham Philippines’ Arangkada Philippines Creative Industries policy brief in November 2018 are: Animation Council of the Philippines; Australian-New Zealand Chamber of Commerce of the Philippines; The British Council Canadian Chamber of Commerce of the Philippines; Creative Economy Council of the Philippines; European Chamber of Commerce of the Philippines; Game Developers Association of
the Philippines; IT and Business Process Association of the Philippines; Japanese Chamber of Commerce and Industry of the Philippines; Korean Chamber of Commerce Philippines; Makati Business Club; Management Association of the Philippines; Philippine Association of Multinational Companies Regional Headquarters; Philippine Chamber of Commerce and Industry; US-ASEAN Business Council. Manila Bulletin