How does the State approach the promotion of industrialization and full employment?
The State is mandated to promote industrialization and full employment through sound agricultural development and agrarian reform. This involves fostering industries that make full and efficient use of both human and natural resources. These industries are expected to be highly competitive in both domestic and foreign markets. Furthermore, the State ensures the protection of local businesses against unfair foreign competition and trade practices as mandated by Article XII, Section 1, 1987 Philippine Constitution. “The State shall promote industrialization and full employment based on sound agricultural development and agrarian reform, through industries that make full and efficient use of human and natural resources, and which are competitive in both domestic and foreign markets. However, the State shall protect Filipino enterprises against unfair foreign competition and trade practices.” 22-Mar-26About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
