Question & AnswerQ&A (LETTER OF INSTRUCTION NO. 780)
The main purpose of Letter of Instruction No. 780 is to recognize the Philippine Chamber of Commerce and Industry as the sole official representative of the private business sector in its relationship with the government.
The Chamber of Commerce of the Philippines and the Philippine Chamber of Industries merged to form the Philippine Chamber of Commerce and Industry.
There was a need to unify the private business sector to prevent disunity, unhealthy rivalry, and fragmentation that prejudiced both the sector and the national interest, and to create a strong and united voice for the entire private sector in the country.
The Philippine Chamber of Commerce and Industry is assigned as the sole official representative and voice of the entire private business community, serving as the liaison and channel of communication between the government and the business community, including representing the private sector in international business forums.
The government is directed to provide encouragement, assistance, and support to the Philippine Chamber of Commerce and Industry, extending necessary cooperation especially on projects requiring joint government-private sector participation for national development goals.
Business and industry were fragmented, concentrated mainly in Metropolitan Manila and a few urban centers, while small businesses in other parts of the country remained unorganized and unrepresented, leading to economic and social imbalances.
In international business forums such as the ASEAN Chambers of Commerce and Industry.
A key national policy highlighted is that the government and the private sector should work hand in hand for the economic progress of the country.
All Ministries and other government agencies and instrumentalities concerned are directed to cooperate and assist the Philippine Chamber of Commerce and Industry.