The enactment of the Tatak Pinoy or Proudly Filipino Act is a giant leap for the Philippines towards its goal of becoming an industrialized country, the principal author of the law, Sen. Sonny Angara said today.

Close to five years in the making, the Tatak Pinoy law was a product of extensive studies, research and consultations by the Office of Sen. Angara with industry leaders, representatives of micro, small and medium enterprises, the academe, foreign institutions, and relevant government agencies for the crafting of the landmark law.

“Ang hangarin ng Tatak Pinoy ay ang pagpapatatag ng ating ekonomiya sa pamamagitan ng mas malakas na koordinasyon ng gobyerno at ng pribadong sektor. Sa pamamagitan ng Tatak Pinoy ay malaman natin ang mga kailangan ng mga negosyante upang mapalakas ang kanilang mga operasyon at kung paano makakatulong ang gobyerno para makamit nila ang hangarin na ito,” Angara said.

In order to attain the objectives set forth by the Tatak Pinoy Act, Angara explained that industries will receive the support for the expansion and upgrading of their operations to make them more competitive in both the global and domestic markets.

Big and small industries will be encouraged to innovate in order to produce higher value products that are sought after by bigger markets and will result in greater incomes for them.

“Ang Isa pa sa hangarin natin sa pagsulong ng Tatak Pinoy ay ang pataasin ang kita ng mga Pilipino dito sa sarili nilang bansa. Habang lumalaki ang kita ng mga negosyo ay umuunlad din ang ating ekonomiya at dahil dito ay inaaasahan natin na mas gaganda din ang buhay ng ating mga kababayan,” Angara said.

Under the Tatak Pinoy Act, there will be targeted interventions aimed at specific industries and sectors that have the potential for further growth or expansion.

A Tatak Pinoy Strategy will be formulated that will serve as the roadmap for the national government agencies, the local government units and the private sector in attaining the goals set forth in the law.

“This will be a very comprehensive program that will start from education where we will ensure our learners are equipped with the knowledge and skills they will need to cater to the requirements of employers; embracing innovation and technology transfer to allow businesses to come up with more sophisticated and higher value goods and services; and making strategic investments to address the gaps and strengthen the foundation of all industries and its workforce,” Angara said.

“We thank President Ferdinand Marcos Jr. for sharing our vision on Tatak Pinoy and supporting this measure. Tatak Pinoy will complement and help attain the goals set forth in the Philippine Development Plan. We also thank the leaders and members of the Senate for their support to this very important piece of legislation and to the House of Representatives for adopting our bill and swiftly approving it as a priority measure,” the Senator added.