The current rules governing the construction licensing in the country “undermines fair competition” and thus government must ease its provisions- this is the sentiment echoed by the Joint Foreign Chambers (JFC) of the Philippines.
“In our view, it will be necessary to open up the construction industry as well as the engineering sector at large to foreign players as it will lower costs, facilitate technology transfer, and bring back Filipino engineers to the country,” expressed the JCF in a statement.
The JFC furthermore specified the Philippine Contractors Accreditation Board (PCAB) as the government agency that limits the accreditation of foreign contractors to 40 % regardless of the fact that no existing Philippine has restricted ownership of foreign contractors.
Representing the US, Australia-New Zealand, Canadian, European, Japanese, and South Korean chambers and the Philippine Association of Multinational Companies Regional Headquarters, the JFC is convinced that ‘a speedy disposition’ of the case, which involves the implementing rules and regulations (IRR) of RA 4566 (Contractor’s License Law) will benefit the government’s goal to infrastructure and economic development.
Source: Business World Online