Outcomes of the Philippines eCif

https://www.ivisa.com/philippines-e-cif


Philippines eCif is a program that has been started in 2021. The aim of this stated program is to promote international exchange and cultural exchange between the Philippine and international companies. The most important goal of this stated program is to assist Filipino businessmen, women, youth and other individuals involved with business, especially in international trade. Through this program, Filipino workers can travel abroad or proceed to other areas of the world. They also have opportunities to expand their business throughout the globe through the exchange of their abilities, experience and knowledge with the assistance of their various foreign counterparts.


For any business to flourish, there has to be an exchange of knowledge and information of its workers both in their country and in another nation. This can only be reached if there is an exchange of company practices, systems, policies and objectives. Through this endeavor, Filipino employees gain more information about their business counterparts and also the standard of their products and services.


The program however, faced several criticisms from the global business community. They assert that eCif doesn't assist the growth of the Philippine economy. There are a few who also assert that it isn't a viable choice for companies who do not require extensive internet connectivity. On the flip side, the app is tagged as the ideal alternative to fortify the Philippine market. Philippines eCif is a response to criticisms made against the Free Trade Area Act or FTAA. Critics state that the program might not have any substantial influence on the market, however.


Apart from being an answer to criticisms, the government sees the application as being of immense help to the country's foreign exchange policy. The program encourages the international companies to invest in the Philippines, especially in infrastructure projects. The projects will ensure better quality of life and employment to the Filipinos. Aside from making the authorities more powerful economically, the jobs have the potential to increase tourism and earnings from foreign investors.


Aside, from creating the Filipino workers more familiar with their overseas counterparts, the Philippine eCif also provides them with a chance to learn and use new technologies. This is principally since the program enables the exchange of technology and information between both parties. In this manner, the Philippines and overseas countries can promote their various brands and increase their market share in the global industry. For smaller companies, this means more opportunities and expansion.


Essentially, the program is seen as a win-win situation. The government promotes its own product and at the exact same time receives remuneration from global companies. Meanwhile, the Filipino people get to reap the benefits of utilizing eCif. Additionally, it helps improve the quality of life in the country. Lastly, the eCif is a cheap and easy-to-use alternative that is already broadly accepted by the global community.