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KTNET and INTERCOMMERCE are joining forces to develop an FTA Information Portal and Origin Management System tailored for Philippine exporters.
The overarching aim is to simplify adherence to Rules of Origin, trim operational expenses, and streamline the process for utilization of preferential trade agreements.
The International Trade Center (ITC) offers a free tool that would benefit all exporters. These tools are available to all users in the European Union (EU) and developing countries such as the Philippines.
Exporters can access the ITC Trade Map, Market Access Map, and other ITC market analysis online. The Trade Map is an online user-friendly application to analyze global trade flows, based on one of the largest trade flow databases in the world. It also aims to facilitate strategic market research, monitoring both national and product-specific trade performance, revealing comparative and competitive advantage, identifying the potential for market or product diversification, and designing and prioritizing trade development programs for both firms and trade support institutions.
The Export Development Council (EDC) is preparing for the nationwide launch of stakeholder engagement sessions, a collaborative effort aimed at implementing the Philippine Export Development Plan (PEDP) 2023-2028. These sessions are not just about sharing information, but about fostering a sense of shared responsibility and involvement among stakeholders. They are designed to align efforts and promote government programs, with the active participation of key players in the sector.
Continue reading “Driving Export Success: Nationwide Initiative for the PEDP 2023-2028”
The ARISE Plus Philippines project, funded by the European Union and led by the Department of Trade and Industry, is a vital support system for Philippine exporters. Its goal is to boost the country’s international trade performance and competitiveness, particularly in the EU market, while fostering economic integration and inclusive growth.
The project focuses on aiding various types of exporters, including MSMEs, coconut, and game development exporters. It provides them with training in export marketing, quality management, and food safety, along with assistance in accessing EU markets. This includes support for participating in trade fairs and other market linkages, both domestically and overseas.
Continue reading “Empowering Philippine Exporters: ARISE Plus Project Unlocks EU Markets”
On 18 April 2024, the Philippine Chamber of Commerce and Industry-Human Resources Development Foundation, Inc. (PCCI HRDF) wrapped up its study on Identifying and Addressing Philippine Free Trade Agreements (FTAs) Utilization Gaps. They conducted a presentation and validation seminar attended by various stakeholders and government agencies, including the Department of Trade and Industry (DTI), Department of Agriculture (DA), National Economic and Development Authority (NEDA), Bureau of Customs (BOC), and Anti-Red Tape Authority (ARTA), Philippine Exporters Confederation, Inc. (PHILEXPORT), Philippine Chamber of Commerce and Industry (PCCI), Korea Trade Network (KTNET), among others.
The 1st International Tech Summit between Taiwan and the Philippines, jointly hosted by IMMORTA Corporation and the Taiwan National Development Council, was recently concluded on 25 April 2024 at the Shangri-la The Fort, Manila. The event aimed to foster collaboration and innovation between the two countries.
Continue reading “Driving Innovation: Highlights from the 1st TW-PH International Tech Summit”
The 7th Logistics Summit, held on April 26, 2024, at The Manila Marriott Hotel in Pasay City, brought together industry leaders and professionals to explore the future trajectory of logistics in the Philippines. Hosted by the Procurement and Supply Institute of Asia (PASIA) and the United Port Users Confederation of the Philippines, Inc. (UPC), the summit centered on the theme “Innovations and Trends in Logistics: Navigating Through the Future.”
Continue reading “Pioneering Progress: Insights into the Philippine Logistics Sector”
Undersecretary Mary Jean Pacheco addressed the Logistics Summit 2024, outlining key Supply Chain and Logistics Issues in the Philippines, such as Infrastructure, Skills, Land, Sea, Air, and Digitalization. The Department of Trade and Industry (DTI) responded by launching initiatives to (1) Ensure accessible and affordable food, (2) Implement targeted interventions for priority industries, and (3) Foster industries meeting domestic demand.
Continue reading “Revitalizing Supply Chains: DTI’s Strategic Roadmap for a Thriving Philippines”The Department of Trade and Industry (DTI) and its partnered agencies are advocating for the establishment of a unified accreditation system for air and sea freight forwarders, known as Harmonized Online Freight Forwarding Accreditation (HOFFA).
DTI Undersecretary Mary Jean Pacheco mentioned that 90% of the system has already been completed, with the remaining 10% focused on tasks like data migration and aligning reports.
Continue reading “Introducing HOFFA: Revolutionizing Freight Forwarder Accreditation”
The Philippines achieved a historic milestone in 2023 as the total exports of goods and services reached USD 103.6 billion, marking a remarkable 4.8% increase from the recorded export performance of USD 98.83 billion in 2022. However, this falls short of $23.2 billion below the 2023 target outlined in the Philippine Export Development Plan (PEDP).
Director Bianca Pearl Sykimte of the Export Marketing Bureau (EMB), concurrent Executive Director of the Export Development Council (EDC), reported that the Agriculture and Agri-Based Exports sector reached 6.6%, surpassing the 2023 target of 5.1%. Similarly, the ambitious target for the Transport Products also demonstrated significant growth, breaching 5.4% in 2023, exceeding the expected target of 4.2%.
Continue reading “Philippine exports surpassed $100 Billion in 2023”