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The report provides a holistic approach to the post-COVID-19 recovery that brings out opportunities for the Philippines. In recent decades, the World Bank (WB) identified the Philippines as one of the many countries that have climbed the Global Value Chain (GVC) ladder.
Continue reading “World Bank Report: A New Dawn for Global Value Chain Participation in the Philippines”
Anti-Red Tape Authority (ARTA) OIC Usec. Ernesto Perez, in partnership with UPPAF Respond, Chief of Party, Dr. Enrico Basilio, officially launched the National Policy on Regulatory Management System (NPRMS) and Business Permit and Licensing Systems (BPLS) Operations Manual during the Better Regulations Summit with the theme: “Enabling Regulatory Reforms Toward Bureaucratic Efficiency” at the PICC on 07 October 2022.
The partner agencies and private stakeholders signed an Expression of Commitment to signify recognition and support for ARTA’s initiatives toward digital innovation and modernization in implementing the NPRMS program. Section 3 of RA 11032 covers all government offices and agencies, including local government units (LGUs), government-owned or controlled corporations (GOCCs) and other government instrumentalities, that provide services covering business and nonbusiness related transactions, whether located in the Philippines or abroad.
The Philippine Trade Facilitation Committee (PTFC) releases the Roadmap for 2022-2028. The Roadmap is an action plan that outlines the short- and medium-term activities the Committee will undertake to create a world-class international trade getaway. It also outlines the responsibilities assigned to each of its member agencies, the performance metrics for these activities, the resources needed, and the risks involved in improving trade facilitation from 2022 to 2028.
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In compliance with the directive of President Bongbong Marcos to reduce transportation costs, the Philippine Ports Authority (PPA) announced the suspension of port rate hikes and bidding under its Port Terminal Management Regulatory Framework (PTMRF) to give way to its pending review.
In a PortCalls release, it was reported that Department of Transportation Undersecretary Elmer Sarmiento during the 2022 National Maritime Week Celebration also disclosed that PPA is reviewing the possibility to reduce its existing rates.
Continue reading “PPA suspends port rate hikes and bidding”
In a joint media statement of the Association of Southeast Asian Nations (ASEAN) released after the inaugural RCEP Ministers’ Meeting last September 18, 2022, the role of the Regional Comprehensive Economic Partnership (RCEP) in ASEAN post- pandemic resurgence has been highlighted.
Continue reading “ASEAN post-pandemic resurgence seen with RCEP”
The Philippines will renew its special incentive arrangement on the EU GSP+ for competitive advantage. This Generalized Scheme of Preferences (GSP) allows duty-free exports (under 6,000 tariff lines) to the European Union. This enables cheaper entry of Philippine goods into the EU market.
Continue reading “The Philippine to renew EU-GSP+ in 2023 for competitive advantage”
Nominated to chair the Philippine National Single Window’s (PNSW) Monitoring and Oversight Cluster, the Export Development Council (EDC) shall oversee the coordination of the executive departments and agencies’ participation in and execution of the NSW. The cluster is made up of representatives from various agencies in charge of managing the policies, rules, and standards for approving or granting licenses for the importation and exportation of commodities free from duties and taxes.
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The International Food Exhibition (IFEX) Philippines resumed the onsite trade show after two and half years of lockdown with the pandemic. Daring and creative companies on food exports were recognized during the Katha Awards 2022.
Katha Awards seeks to “strengthen the reputation of the Philippines as a go-to destination for globally competitive Asian food and ingredients by recognizing brands or companies that present new flavor profiles, innovative ideas, unique food fusions, and creative packaging methods in their food products.”
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The new Trade Secretary Alfredo E. Pascual, also the President of the Management of Association of the Philippines (MAP) highlights the ten (10) strategic priorities of the Department of Trade and Industry.
The key priorities aim to create opportunities for DTI and the private sector to work together for shared goals. These will also be the new administration’s focus on improving trade and industry, including export expansion believed to help in job generation and economic recovery in general.
The Department of Information and Communications Technology (DICT) intensifies its programs/ action plans for developing the ICT Ecosystem to adapt to the impact of the pandemic and ensure various sectors’ capacity to participate in the country’s economic recovery.
Consistent with the Memorandum Circular. No. 27 that mandates the implementation of the Philippine Export Development Plan (PEDP), the DICT shall provide support to 1) promotion of trade and investment opportunities, especially in the ICT and ICT-Enabled Services sectors, 2) push for the use of ICT to automate government regulatory processes, and 3) synchronize government systems to ensure ease of doing business.
Continue reading “DICT intensifies the ICT Ecosystem adapting to pandemic impact”