Philippines strengthens procurement and offset mechanisms

From IHS Jane's 360 (Sep 3): Philippines strengthens procurement and offset mechanisms

The Philippines Department of National Defense (DND) has signed an agreement with a domestic trading group to strengthen procurement and related defence offset procedures, the government announced on 2 September.

The memorandum of agreement (MOA) calls on the Philippine International Trading Corporation (PITC) – an agency under the Department of Information and Communications Technology – to "provide assistance" to the DND and the Armed Forces of the Philippines (AFP) in undertaking defence procurement programmes, a government statement confirmed.

The accord also enables PITC to "represent" the DND and AFP in defence procurement, and associated countertrade and defence offset programmes.

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http://www.janes.com/article/73514/philippines-strengthens-procurement-and-offset-mechanisms