By Billy Begas
The House of Representatives has approved on second reading a measure establishing one town, one product (OTOP) program in the country.
The proposed OTOP Philippines Act (House Bill 9350) seeks to provide a package of assistance for micro, small and medium enterprises (MSMEs) to develop new, innovative, and more complex products.
The Department of Trade and Industry (DTI) is tasked to provide assistance including product design, packaging, and labeling, technology updating and product enhancement.
It seeks to assist rural communities in achieving competitive and innovation-driven local economies.
The measure will also establish the “One Town, One Product” Philippines Trustmark as a guarantee of excellence in OTOP Philippines products and services.
The post House OKs ‘One Town, One Product’ bill first appeared on .Source: Latest Politics News Today (Politics.com.ph)
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