THE implementing rules and regulations (IRR) of Republic Act No. 11904 or the Philippine Creative Industries Development Act (PCIDA) have been signed, the Department of Trade and Industry (DTI) said.
In a statement on Tuesday, the DTI said that Trade Secretary Alfredo E. Pascual signed the IRR last month. A copy of the rules was distributed to the media on Tuesday.
“The promulgation of the PCIDA-IRR is set to advance the country’s efforts in effectively executing the PCIDA towards enabling the creative industries to be a key driver of the post-pandemic economic recovery,” Mr. Pascual said.
“The IRR will promote a better work environment and livelihood for creative workers, improve education and access to financial support, develop industry data and statistics for policymakers, and harness other innovation efforts to help workers and firms in the creative economy,” he added.
The IRR governs the operations of the Creative Industry Development Fund, a special account in the general fund of the National Treasury. The fund will support research and development, trade and investment promotion, human resource development in the industry, and the welfare of creative workers.
“The fund shall be sourced from the loans, contributions, grants, bequests, gifts, and donations, whether from local and foreign sources…The fund shall also involve a revolving mechanism to recover costs and other such features to increase its long-term sustainability,” according to the IRR.
The IRR also sets out the process for establishing the Philippine Creative Cities Network program.
The PCIDA lapsed into law on July 28.
The law will be implemented by the Philippine Creative Industries Development Council, chaired by the Trade Secretary. Other council members include secretaries of the Departments of Education, Science and Technology, Tourism, and Interior and Local Government, as well as the head of the National Economic and Development Authority.
Also on the council are the Chairmen of the Commission of Higher Education and National Commission for Culture and the Arts; as well as the Director General of the Intellectual Property Office of the Philippines, and private sector representatives. — Revin Mikhael D. Ochave