The fate of the ‘One Town, One Product’ bill now lies in President Ferdinand Marcos Jr.’s hands after the Senate and the House of Representatives separately ratified on Wednesday the bicameral conference committee report institutionalizing the program.
Sen. Mark Villar, head of the chamber’s panel on trade, commerce, and entrepreneurship, said the minimal conflicting provisions of Senate Bill No. 1594 and House Bill No. 1171 had been reconciled by contingents from both chambers of Congress.
“The reason behind the OTOP program is to support and empower local industries, particularly in rural areas, and create jobs and income opportunities for the people. By developing and promoting local products, the OTOP program encourages entrepreneurship and helps boost economic growth in the country,” Villar said. must draw up a six-year, national OTOP strategic development plan within a year. It will be done in consultation with concerned stakeholders and updated every year.
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