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The Philippine Trade Facilitation Committee (PTFC) releases Roadmap 2022-2028

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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PPA suspends port rate hikes and bidding

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.

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EDC chairs the PNSW monitoring and oversight cluster

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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IFEX Philippines recognizes daring and creative food products in Katha Awards 2022

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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DTI highlights 10 Key Priorities for the Trade Industry

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.

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DICT intensifies the ICT Ecosystem adapting to pandemic impact

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. 

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PBBM vows to streamline further the BOC processes

President Ferdinand “Bongbong” Marcos Jr. (PBBM), in his first State of the Nation Address (SONA), vows to promote streamlined processes in the Bureau of Customs (BOC). Exporters may look forward to a modernized customs administration with global standards during his administration.  

BOC started the works and officially launched the Philippine Customs Modernization Program, reducing manual encoding and paper-based processes into complete computerized customs systems on 26 March 2021.  This modernization aims to streamline operations and processes by upgrading its systems, procedures, and operational activities. For more information, visit https://customs.gov.ph/philippine-customs-modernization-program/.

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