WebClick Tracer

DTI inks pact w/ 2 Tarlac orgs for MSME development

The Department of Trade and Industry (DTI) has inked a memorandum of understanding (MOU) with two groups in Tarlac province for micro, small, and medium enterprises (MSME) development.

Its new partners are Philippine Institute of Certified Public Accountants (PICPA) Tarlac Chapter and Tarlac Henyo Entrepreneurs Marketing (THEM) Cooperative.

According to DTI OIC-Provincial Director Florencia Balilo, under the MOU, PICPA committed to buy local products from One Town One Product (OTOP) Philippines Hub Tarlac and promote them to members and stakeholders.

They will also advise THEM cooperative, the OTOP hub operator, on accounting practices to develop their businesses as part of PICPA’s corporate social responsibility.

“This support of PICPA-Tarlac creates an opportunity for the local MSMEs to widen their market reach,” Balilo said.

THEM Cooperative will provide PICPA Tarlac Chapter best OTOP product offerings, a maximum of five percent discount and incentives for its members upon presentation of a valid PICPA Tarlac Chapter ID, and assistance in promoting their advocacies.

DTI Tarlac shall administer marketing and promotional assistance, market matching and information, among others, subject to availability of funds and resources and in accordance with existing government rules and regulations.