International trade, or simply, trade, brings both a myriad of opportunities and an array of risks for various countries. Regarding employment, trade may either be a vital cog in employment generation or it may actually adversely affect employment situation—with working conditions and wages compromised. Hence, the Institute for Labor Studies (ILS)—the policy research and advocacy arm of the Department of Labor and Employment (DOLE)—deemed it relevant to organize a Policy Forum on Trade and Employment to discuss their intertwined relationship. Anchored on DOLE Labor and Employment Agenda No. 2 (i.e. addressing the persistent problems of unemployment and underemployment), the policy forum sought to:
In December 2017, R.A. 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) was signed into law by President Rodrigo Duterte. The current administration envisions that this priority agenda will correct certain deficiencies in the current tax system in order to make it simpler, fairer, and more efficient. Revenues to be collected from this initiative will be used to support the government’s infrastructure, education, and health programs, which in turn will propel poverty reduction efforts.