Trade Policy & Procedures Simplification – Page 5

6th July 2022

BSP allows person-to-merchant payments under QR Ph

The Bangko Sentral ng Pilipinas (BSP) has expanded QR Ph, the country’s QR code standard, to enable person-to-merchant (P2M) payments to boost the digitalization of small businesses. The use of QR codes for payments has been gaining traction as an alternative to cash or traditional debit and credit card payments. In November 2019, the payment industry participants led by the Philippine Payments Management, Inc. (PPMI), under the guidance of the Bangko Sentral ng Pilipinas (BSP), launched the “QR Ph”, as the National QR Code standard.

6th July 2022

WTO continues its e-commerce customs tariff moratorium

Members of the World Trade Organization (WTO) agreed to abstain from imposing customs duties on electronic transmissions at the 12th WTO Ministerial Conference in Geneva, Switzerland, last 12-17 June 2022. The moratorium will expire until the next Ministerial Conference (MC13), which will be held on 31 December 2023, or until 31 March 2024 should MC13 be delayed. The said moratorium was adopted by WTO in 1998 and renewed at successive ministerial conferences.

24th June 20224th July 2022

EDC forges BOC and DTI-EMB Memorandum Agreement

The Export Development Council (EDC) forges the Bureau of Customs (BOC) and the Department of Trade and Industry-Export Marketing Bureau (DTI-EMB) to ink a Memorandum of Agreement (MOA) to strengthen the partnership in enhancing trade facilitation and further support the development of the export industry. DOF Secretary Sonny Domiguez and DTI Secretary Ramon Lopez are both optimistic on the agreement.

26th May 20228th August 2022

DOF underscores the Duterte administration’s Game-Changing reforms

Dept. of Finance (DOF) Sec. Sonny Dominguez underscored the Duterte Administration’s socio-economic reforms over the past six years, including the Ease of Doing Business Act which paved the way for efficient delivery of public services. The DTI was also commended for the efficient implementation of this law, which remarkably increased the competitiveness of the country’s business climate.

26th May 20228th August 2022

DTI gears up digital transformation for MSMEs

The Department of Trade of Industry (DTI) is gearing up digital transformation regarding the formulation and implementation of the Inclusive Innovation Industrial Strategy (i3s) for the Micro, Small, and Medium Enterprises (MSME) in the country. While MSME’s contribution to the Philippine economy is impressive, they were also the hardest hit during the pandemic as many businesses had been forced to close down. Nevertheless, one silver lining in this crisis is the Digital Transformation that we are experiencing now.

26th May 20228th August 2022

ARTA launches e-ARTA Complaints Management System

The anti-red tape watchdog officially launched e-ARTA Complaints Management System, the first of its kind in the Philippine government. The launch of the said online platform was the agency’s approach to digitize its services and make them more accessible and convenient to the public. It features an a) electronic ticketing system; b) paperless complaint filing; c) cloud storage for backup; and d) SMS notification for complaints.

21st April 20228th August 2022

PH gears up the ATA Carnet implementation to boost economic recovery

The Philippines gears up the ATA Carnet implementation to boost economic recovery. The Carnet System grants temporary admission of goods with relief from duties and taxes, simplifying Customs processes. It will particularly benefit the industries in the Tourism Sector, i.e., Meetings, Incentives, Conferences, and Exhibitions (MICE), in cost reduction and simplification of processes for ease of doing business.

9th February 20228th August 2022

EDC lauds BOC 10-Point Priority Programs for 2022

The Export Development Council (EDC) lauds the Bureau of Customs (BOC) for laying out their 10-Point Priority Program for 2022 during the Media Fellowship Meeting on 27 January 2022 at the Port Area, Manila and via Zoom Conference. Such programs are geared towards full automation of Customs procedures to eliminate face to face transactions. More importantly, Import and Export-related programs are also highlighted including the full implementation of the Authorized Economic Operator (AEO) Program and enhancement of trade facilitation.

For more details on this story, kindly click this link.MRJ

9th February 20228th August 2022

PH Ambassador deposits the ATA Carnet Instrument of Accession to the Istanbul Convention in Brussels

Philippine Ambassador to Belgium, Luxembourg, and the European Union Eduardo José A. de Vega deposited the ATA Carnet Instrument of Accession (IA) to the World Customs Organization (WCO), in the presence of Secretary General Kunio Mikuriya, in Brussels on 17 January 2022.

Said IA was originally signed by President Rodrigo Roa Duterte on 23 June 2020 and was amended on 28 April 2021, following DOF’s manifested reservations. The Senate concurred through Resolution no. 832 on 23 August 2021.

9th February 20228th August 2022

PH LIVE exchanges electronic ASEAN Customs Declaration Document with 4 ASEAN member states

The Philippines has started the live exchanges of electronic ASEAN Customs Declaration Document (e-ACDD) with 4 ASEAN Member States (AMS): Cambodia, Myanmar, and Thailand on 21 January 2022, followed by Malaysia on 25 January.