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.
The Roadmap primarily focuses on the member agencies’ identified Key Reform Areas (KRAs) aimed at realizing the PTFC’s vision of transparent, inclusive, digital, efficient, and secure customs and trade procedures and improving cross-border trade response. 1) Stakeholder Engagement; 2) Inter-agency Coordination; 3) Technology Infrastructure; 4) Legal and Regulatory Framework; 5) Emergency Response Measures, and 6) Support to Micro, Small, and Medium Enterprises are among the KRAs.
Executive Order 136 mandates the state to create a Philippine Trade Facilitation Committee in compliance with the World Trade Organization – Trade Facilitation Agreement (WTO-TFA).
This WTO-TFA, ratified in October 2016, gave the Philippines more support for reforms, i.e., ease of cross-border trade, streamlined and enhanced customs procedures, and improved flow, discharge, and clearance of goods across borders. Thus, making it easier to implement logical, practical, and simple customs and border management rules.
The PTFC is Co-chaired by the Department of Finance (DOF) and the Department of Trade and Industry (DTI), with the Bureau of Customs (BOC) as the Vice-chairperson.
Please click the link to view the complete PTFC Roadmap for 2022-2028.AGPM