The RTLA for Foreign Retailers

Nitori, a Japanese furniture seller, opened its first retail store in the Philippines last April. This was, according to Trade Secretary Pascual, the first major investment under the amended Retail Trade Liberalization Act (RTLA). The amendatory law was supposed to attract foreign retailers to set up shop in the country. However, more than two years after the law was passed, the Philippines still has not seen a downpour of foreign investment in the retail sector.

In this article, Ayra dived deep into the salient provisions of the amended RTLA and its application to businesses, providing a sneak peek at the current situation of foreign retailers in the Philippines.