The Anti-Red Tape Authority (ARTA) said the Philippines has made reforms in easing doing business in the country especially on enforcing contracts and registering property.
These are among the 55 reforms and 13 data corrections submitted by the Philippines to the World Bank (WB) for the 2021 Doing Business Report to be released next month.
“We are really hopeful that WB will recognize the submitted reforms We know that there has been improvements but the results would depend on the measures and internal process of evaluation by WB,” said Jeremiah Belgica, ARTA director-general.
In the Doing Business 2020 report, the Philippines ranked 95th out of 190 economies , ranking low in starting a business (SAB) and enforcing contracts at 171st and 152, respectively.
ARTA is confident the Central Business Portal, the first phase of which was launched recently, will improve the country’s ranking in SAB.The CBP reduces the number of steps in registering a business from 13 to just one which can now be completed in less than a day as opposed to the previous manual process with 33 days.
At the meeting last week of the EODB-ARTA Council, Belgica presented updates on the WB’s initial assessment of the country’s doing business reforms.
ARTA also presented the draft joint memorandum circular for the onboarding of 73 trade regulatory government agencies to the TradeNet, the National Single Window System that will allow for the online processing of import and export permits, on or before the second week of April.
ARTA also presented the workplan of the Regulatory Impact Assessment (RIA) which is targeted for pilot implementation within the second and third quarter of 2021.
All proposed regulations of government agencies shall undergo RIA to establish if the proposed regulation does not add undue regulatory burden and cost to these agencies and the applicants or requesting parties.
The Advisory Council will also be forming a task group that will be leading the conduct of the technical study for a mobile online portal for use of local government units for their business permit and licensing system or BPLS and other non-business transactions being offered to the public.