The DTI is responsible for realizing the country's goal of globally competitive and innovative industry and services sector that contribute to inclusive growth and employment generation.
Pursuant to the Philippine Development Plan (PDP) 2017-2022, they shall endeavor to reduce inequality and poverty by expanding economic opportunities in industry and services, and by increasing the access particularly of micro, small and medium enterprises (MSMEs), cooperatives and overseas Filipinos (OFs) to these opportunities. To attain these sector outcomes by 2022, they need to:
- Increase local and foreign direct investments
- Increase competitiveness, innovativeness and resilience of industries and services
- Improve access to finance, to production networks, and to markets
- Enhance productivity, efficiency, and resilience
- Ensure consumer access to safe and quality goods and services
These should be accomplished by the following major final outputs (MFOs):
MFO 1: Trade and Industry Policy Formulation Services;
MFO 2: Trade and Investment Promotion Services;
MFO 3: Technical Advisory Services;
MFO 4: Consumer Protection Services;
MFO 5: Business Regulation Services.
They commit to effect good governance by delivering public service that is predictable, participatory, accountable, efficient, transparent, and honest.
HISTORY
The DTI had its beginnings on 23 June 1898 when President Emilio F. Aguinaldo formed four government agencies, namely the Departments of Navy, Commerce, Agriculture, and Manufacturing.