Public Consultation on the Implementing Rules and Regulations of Republic Act No. 11595 | 1 March
The ECCP participated in the Public Consultation on the Implementing Rules and Regulations of Republic Act No. 11595, which amends the Retail Trade Liberalization Act. The Law reduces the minimum paid-up capital requirement for foreign retailers to P25 million, with a P10 million per store requirement. The ECCP has advocated for the passage of this measure to further facilitate economic recovery and stability, promote competitiveness, and provide Filipinos a broader range of options at a better price. The Law and its IRR takes full effect on 11 March 2022.
In close partnership with government, businesses, civil society, and academia, ECCP passionately works to enhance the business environment for both European and Filipino companies.