Composition of the TIDC
- The council is chaired by the Secretary of Trade and Industry.
- Members include Secretaries of Agriculture, Finance, Foreign Affairs, Interior and Local Government, Labor and Employment, Science and Technology, the Governor of Bangko Sentral ng Pilipinas, and the Director-General of the National Economic Development Authority.
- Nine private sector representatives appointed by the President, including a Vice-Chairperson, serve two-year terms.
- Private sector members are nominated by accredited exporters' organizations, industry associations, and the Secretary of Trade and Industry.
- Representation from Visayas and Mindanao regions is ensured.
- A permanent representative from the Office of the President attends all meetings.
- Other government and private entities may be invited as needed.
Powers and Functions of the TIDC
- Defines the overall trade development strategy centered on a strong domestic industrial base and global competitiveness.
- Approves, coordinates, monitors, and assesses the Philippine Trade Development Plan, adjusting as necessary.
- Periodically reviews the country's export performance, industrial growth, and domestic trade.
- Identifies and addresses bottlenecks and constraints affecting trade and industry, including policy, infrastructure, finance, technology, production, promotion, and marketing.
- Mandates government departments and agencies to resolve issues and requires progress reports.
- Oversees product and service quality standards to align with global benchmarks.
- Imposes sanctions on government or private entities impeding efficient trade.
- Recommends legislation to Congress for trade and industry development.
- Submits quarterly reports to Congress.
- Formulates policies to streamline government trade and industry development functions.
- Develops policies for granting incentives.
- Establishes rules and procedures for efficient council operation.
- Grants and reviews accreditation of dominant exporter or business organizations.
- Issues standards and policies for Local Government Units to support agri-industrial growth and optimal resource allocation, implemented via the Department of the Interior and Local Government and regional development councils.
Secretariat and Operational Support
- The TIDC is supported by a Secretariat based in the Department of Trade and Industry.
- The Secretariat is headed by an official designated by the Chairman.
- Personnel from government agencies and private sector organizations represented in the TIDC are assigned to support the Secretariat.
Meetings
- The council meets at least once a month.
- It meets with the President at least quarterly.
- The President may convene additional meetings as deemed necessary.
Funding
- The TIDC's operational expenses are covered by government budget appropriations and private sector contributions.
Repealing Clause
- All prior executive issuances, rules, and regulations inconsistent with this Order are repealed, amended, or modified accordingly.
- Specifically affected are several Executive Orders establishing or modifying the previous Export Development Council, Industry Development Council, and Domestic Trade Development Council.
Effectivity
- The Order takes effect immediately upon its issuance.