Media Release
August 15, 2022
The members of the Joint Foreign Chambers in the Philippines (JFC) welcomed the recent enactment of Republic Act No. 11904 or the Philippine Creative Industries Development Act which lapsed into law on July 28.
RA 11904 is a much-awaited law that will spur the growth of a high-value sector already contributing over 7 percent of the country’s GDP. It recognizes creative industries as a distinct sector in the traditional sense of an industry cluster and reaffirms the importance and natural competitive edge of Filipino creative talent.
By establishing a Philippine Creative Industry Development Council mandated to both formulate and implement the Philippine Creative Industries Development Plan, the country will be better equipped to reap the economic and employment benefits from the diverse creative talents of Filipinos organized under the nine creative industry “domains” identified in the law.
With the enactment of RA 11904, the Philippines is well-placed to reach its goal of becoming the leading creative economy in Southeast Asia by 2030.
The members of the JFC are:
American Chamber of Commerce of the Philippines
Australian-New Zealand Chamber of Commerce of the Philippines
Canadian Chamber of Commerce of the Philippines
European Chamber of Commerce of the Philippines
Japanese Chamber of Commerce and Industry of the Philippines, Inc.
Korean Chamber of Commerce of the Philippines, Inc.
Philippine Association of Multinational Companies Regional Headquarters, Inc.