Other Export News – WWW.EDC.NET.PH

17th March 2025

Unlocking VAT Perks: DTI-BIR Consultation Clarifies Zero-Rating for Exporters

The Department of Trade and Industry – Export Marketing Bureau (DTI-EMB) held a Joint Public Consultation (PubCon) on February 19, 2025, to clarify the implementation of the CREATE MORE Act, specifically regarding the Certificate of Zero-VAT Rating for Export-Oriented Enterprises (EOEs).

Held both onsite and online, the consultation tackled the tax treatment of EOEs under the new law. Officials presented the draft Revenue Regulation (RR), draft Joint Administrative Order (JAO), and the procedures for securing a Zero-Rated VAT accreditation certificate. Key speakers included Mr. Jun-Jun B. Andallo, Atty. Brianna Kay De Los Santos, and Ms. Asnia R. Bayabao from the Bureau of Internal Revenue (BIR) and DTI-EMB.

17th March 2025

Growing Prosperity: Lessons from the 8th Philippine Farm Tourism Conference

Following Bohol’s hosting last year, General Santos City—the Tuna Capital of the Philippines—welcomed delegates to the 8th Philippine Farm Tourism Conference (PIFTC) from February 24-26, 2025, at KCC Mall. Themed “Stimulating Sustainable Economic Growth in Rural Communities through Farm Tourism,” the event provided valuable insights from agricultural experts, farm owners, and industry leaders on advancing farm tourism.

14th February 2025

PHILEXPORT National sets $110 billion goal for 2025 export target

The Philippine Exporters Confederation, Inc. (PHILEXPORT), has set a more ‘realistic’ $110 billion target for exports in 2025, reflecting a more feasible approach given the current circumstances. In an interview, PHILEXPORT President Sergio R. Ortiz-Luis Jr. pointed out that, despite this goal, exporters are struggling to thrive, and they are ‘living through chance’ due to a lack of government support. This lack of budget for Philippine exporters has kept them from participating in international fairs and limited the support for product and export development and promotions.

3rd January 2025

ARTA and WBG collaborates on the Business-Ready initiative

The Anti-Red Tape Authority (ARTA) has partnered with the World Bank Group (WBG) to elevate the Philippines’ ranking within the top 20 percent of the Business Ready (B-READY) report. The report is developed by the WBG, the new corporate flagship publication that assesses the business environment of economies worldwide.

ARTA has been designated by the Office of the President as the Government Focal Point for the B-READY initiative. ARTA will coordinate with government agencies, WBG, and the private sector to implement and integrate recommendations based on the results and assessment.

3rd January 2025

Breaking Barriers: How digital innovation is revolutionizing cross-border trade

A transformative seminar on enabling cross-border trade, hosted by InterCommerce at the Makati Shangri-La Hotel, convened leaders from the Pan Asian e-Commerce Alliance (PAA) and key stakeholders. The discussions unveiled groundbreaking solutions to challenges in global trade, highlighting digital innovation and international collaboration as the way forward.

28th November 202428th November 2024

2024 National Exporters’ Week

28th November 2024

Design sustainability takes center stage at PHILEXPORT 4th quarter GMM

The 4th Quarter General Membership Meeting of the Philippine Exporters Confederation, Inc., held last 8th of October 2024, focused on “Design Mindfulness Towards Sustainability and Innovation.” According to the President’s Report delivered by Dr. Sergio R. Ortiz-Luis Jr., Philippine exports showed optimistic growth in recent months, with a notable increase in July 2024 exports, while imports remain steady. Moreover, there was a 9.4% jump from June USD5.54 billion. With the Philippines benefiting from strong trade growth, National Economic and Development Authority (NEDA) estimates that the Philippines could achieve Upper Middle Income Country (UMIC) status by 2025. While the Philippine Export Development Plan may fall short of its ambitious $143.4 billion target, projections indicate that export figures could still reach $107 billion—an impressive milestone amid global economic challenges.

13th September 2024

DTI Unveils ‘PHX Source’ to Elevate Philippine Exporters’ Global Reach

The Department of Trade and Industry (DTI), through its Industry Development and Investment Promotions Group (IPG) and in collaboration with QSweep Tech Services, has launched PHX Source, a digital platform designed to boost the global visibility of Philippine exporters.

PHX Source serves as a comprehensive B2B directory, offering free basic listings for exporters to showcase their products and services. Upgraded features include premium microsites, videography, product photography, social media management, and digital advertising, all aimed at enhancing market reach. The platform also provides real-time analytics to help businesses track engagement and refine their strategies.

13th September 202413th September 2024

Thriving in the New Normal: Expert Guide to Life After the Pandemic

A team of esteemed scholars—Mario B. Lamberte, Fernando T. Aldaba, Alex B. Brillantes, Jr., and Enrico L. Basilio—has authored a comprehensive two-volume book titled Living Well Under the Shade of the New Normal. The book explores the enduring effects of the COVID-19 pandemic and outlines strategies for adapting to the “new normal.” The book draws on the collective expertise of socio-economic researchers, providing a multidisciplinary analysis of the country’s journey through the pandemic, addressing both pandemic-related challenges and new issues that have emerged.

21st August 202422nd August 2024

Marcos Administration Streamlines Business Reforms; DTI Empowers MSMEs for Global Export Success

The Marcos Administration is enhancing the Ease of Doing Business (EODB) in the Philippines, aiming to create a more efficient environment for exporters. President Marcos’s 2024 State of the Nation Address highlighted reforms in digitalization and process integration, crucial for global competitiveness.

The Anti-Red Tape Authority (ARTA) has ensured that local government units (LGUs) comply with electronic Business One-Stop Shop (eBOSS) requirements, with 1,178 out of 1,634 cities and municipalities now automated, reducing bureaucratic delays for exporters.