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Description
On 2 March 2022, the Philippines government issued Republic Act No. 11647, requiring SMEs to hire a minimum of 15 Filipino employees to receive a reduced minimum paid-in capital for foreign investment...
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Intervention Details
Intervention Type
Local labour incentive
MAST Chapter
I: Trade-related investment measures
Implementation date
17 Mar 2022
Revocation date
No revocation date
Implementation level
National
Affected flow
Inward
Announced as temporary
No
Eligible firms
SMEs
Affected Trading Partners
Table
Affected Sectors
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Affected Products
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