RA11981: AN ACT MANDATING THE FORMULATION, FUNDING, IMPLEMENTATION, MONITORING, AND EVALUATION OF A COMPREHENSIVE AND MULTI-YEAR "TATAK PINOY" (PROUDLY FILIPINO) STRATEGY, ESTABLISHING A TATAK PINOY COUNCIL, AND APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES
Republic Act No. 11981, also known as the "Tatak Pinoy (Proudly Filipino) Act," is a landmark legislation aimed at bolstering the production and promotion of diverse, sophisticated, and high-quality Philippine products and services. The law establishes the Tatak Pinoy Council, a policy and advisory body tasked with formulating and overseeing a multi-year "Tatak Pinoy Strategy" (TPS). This strategy focuses on enhancing the productive capabilities of domestic enterprises across key pillars such as human resources, infrastructure, technology and innovation, investments, and sound financial management. A significant aspect of this Act is the preferential treatment given to Philippine products and services in government procurement for a period of ten years, with provisions for market access facilitation and streamlined processes for "Tatak Pinoy" investments and exports.
The impact and significance of this law on the Filipino people are substantial. By prioritizing local products and services, the Act is expected to stimulate economic growth, create more high-paying jobs, and foster a sense of national pride in Filipino ingenuity and craftsmanship. It aims to develop a highly skilled and adaptive workforce, encourage scientific and technological innovation, and ensure that public expenditures support domestic enterprises across all regions, including disadvantaged areas. Ultimately, the "Tatak Pinoy" Act seeks to empower Filipino entrepreneurs, promote inclusive economic development, and enhance the global competitiveness of the Philippines, leading to a more prosperous and self-reliant nation.