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Department of Trade and Industry (DTI) and Philippine Exporters Confederation Inc. (PHILEXPORT) signed a Memorandum of Understanding (MOU) during the Export Development Council Meeting on 11 June 2024 to formalize the partnership between the two organizations in promoting the Free Trade Agreements (FTAs) benefits.
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The first successful use of the ATA Carnet for temporary admission took place in Switzerland on October 20, 2019, with subsequent operations following in Belgium, China, and Russia. During the pilot phase, participation was limited to selected Customs offices in these four countries. The tests verified that the eATA system functions effectively and that the ICC’s digital tools meet expectations. To support the adoption of eATA Carnets by national Customs agencies, the WCO ATA/Istanbul Administrative Committee approved a standardized notification template on November 16, 2020.
Continue reading “BOC revision of rules in Ata Carnet”
The Philippines participated in e-Phyto certificate exchange during the 67th ASEAN Single window meeting. E-Phyto serves as the digital counterpart to a phytosanitary certificate, allowing data to be defined and shared in a standardized manner. The Philippines began exchanging e-Phyto certificates with Indonesia on June 10, 2024, through the Bureau of Customs (BOC) (e-Phyto) Management Portal.
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Highlights of the Interagency Strategic Planning for the Philippine Qualifications Framework (PQF) – National Coordinating Council (NCC)
The two-day Interagency Strategic Planning event for the Philippine Qualifications Framework (PQF)—National Coordinating Council (NCC) was a collaborative effort that took place on June 27-28, 2024, in Makati City.
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The ATA Carnet, also known as the “Passport of Goods,” is finally slated for implementation on 15 July 2024. This long-awaited development will allow exporters to enjoy tax-free and streamlined temporary admission of goods into member countries.
Continue reading “ATA Carnet implementation slated in July!”Exporters attended a session on the European Union’s (EU) new Carbon Border Adjustment Mechanism (CBAM), which charges for carbon emissions in the production of goods entering the EU, while also encouraging cleaner industrial production in non-EU countries.
CBAM experts emphasized discussions focused on how this regulation could impact the competitiveness of Philippine exports in the EU market, particularly for goods exports such as chemicals, plastics, steel, iron, aluminum, fertilizers, cement and similar materials.
The Philippine Export Development Plan (PEDP) 2023-2028 aims to support exporters in adapting to these new regulations.
The event was held by Sycip, Gorres, Velayo & Co. (SGV & Co.), a member firm of Ernst and Young Global (EY) in partnership with the Export Marketing Bureau of the Department of Trade and Industry at the SGV I, WSDC Training Room on 20 May 2024, in Makati City. AOB
The Philippines’ latest gross domestic product (GDP) grew by 5.7% in the first quarter of 2024, led by gains in financial and insurance, wholesale and retail trade, and manufacturing sectors. The services sector rose by 6.9%, industry and agriculture, forestry, and fishing sectors by 5.1% and 0.4%, respectively.
Secretary Alfredo E. Pascual noted the DTI’s contributions through business-friendly programs. Merchandise exports increased by 4.8% compared to the previous year, with electronics, mainly semiconductors and electronic data processing, copper concentrates, coconut oil, fresh bananas, and chemicals.
Continue reading “Philippines Shines with 5.7% GDP Growth: Exports and Key Sectors Lead the Surge”
On May 22, 2024, the Department of Trade and Industry (DTI) Secretary Alfredo E. Pascual along with Senator Juan Edgardo “Sonny” Angara, the conceptualizer and author of the Act and other notable signatories signed the Implementing Rules and Regulations (IRR) for Republic Act No. 11981, also known as the Tatak Pinoy (Proudly Filipino) Act. This legislation aims to support and promote Filipino-made products and services globally.
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The Export Development Council (EDC) has bolstered its collaboration with the Bureau of Customs (BOC) and its consultative bodies, the Central Customs Industry Consultative and Advisory Council (CICAC) and BOC – Ninoy Aquino International Airport (NAIA) CICAC, to streamline customs processes and enhance partnerships between the government and private stakeholders. CICAC acts as a bridge between the BOC and the business-industrial sector, addressing customs and industry-related issues, promoting mutual understanding, and strengthening relationships.
Continue reading “EDC and BOC Strengthen Collaboration to Streamline Customs and Boost Trade”
The Small Business Corporation (SBCorp), the financing arm of the Department of Trade and Industry (DTI), offers a variety of programs and services to support Micro, Small, and Medium Enterprises (MSMEs) in the Philippines. These programs include: