The Professional Regulation Commission (PRC), in its Trade Related
Technical Assistance Project with the European Union, held a Seminar
Workshop on the Competitiveness of the Regulated Professions covered by
the Mutual Recognition Arrangements on August 20 and 21 at the Holiday
Inn, Clark Field Pampanga.
PRC Chairperson Teresita R. Manzala said that the opportunities
offered by the new pattern of World Trade in the form of value chains
make it imperative that economies give greater attention to their
competitiveness in services.
Chair Manzala identified eight key factors which appear to have a
determining role in services competitiveness, drawing a firm-level
evidence from services industry coalitions as well as country case
studies undertaken by the World Bank. These include: endowments
especially human capital; investments in intangible assets; enabling
digital infrastructure; quality of institutions; efficiency of domestic
regulation; connectedness with the international market; services in
business stakeholder consultation; and policy focus.
The Seminar Workshops on Competitiveness for Nation Building form
part of the programs and projects under the Trade Related Technical
Assistance (TRTA) Project of the European Union and the Republic of the
Philippines, which aims to prepare Filipino professionals for global
free trade in professional services.
The two-day seminar workshop was participated by the national
presidents of the Accredited Professional Organizations (APOs), the
chairmen and members of the various professional regulatory boards and
the Commission officials and discussed among other things, the ASEAN MRA
and the Rapid Assessment of Profession project, the roadmaps of
selected engineering, medical, business and technology professions, the
labor market demand for and mobility of Filipino professionals, the
career advocacy program as well as the Professional Summit in October.
Source: PRC
