The Export Development Council (EDC) in its Joint Council and Executive Committee Meeting on 20 January 2021, adjusted the export targets in the Philippine Export Development Plan (PEDP) 2018-2022. The new targets are US$91.7B in 2021 and US$105.3B in 2022.
The adjustments were recommended by the Export Marketing Bureau after a thorough review and simulation considering the world economic situation due to the COVID 19 pandemic, the assumptions of the Development Budget Coordination Committee (DBCC) and the data from the Philippine Statistics Authority (PSA). Continue reading EDC sets new export targets amidst pandemic
The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) promotes the online release of the Travel Tax Exemption Certificate (TEC). This initiative makes it easier for the traveling exporter to get their TEC online.
Once TIEZA approves the online application, exporters can print the TEC at the convenience of their home or office. The following requirements are to be observed by exporters in applying for the online release of TEC:
1. 2×2 ID Picture (taken within the last six months in JPEG format)
2. Passport Identification and Signature page
3. Airline Ticket or Confirmed Flight Booking
4. Endorsement from the EDC (Approved travel tax exemption application form) Continue reading TIEZA promotes the online release of the Travel Tax Exemption Certificate
All shippers will be directed to observe the Verified Gross Mass (VGM) on all packed containers. The shipper will be responsible for obtaining and documenting the VGM of the packed container cargoes under the Philippine Port Authority (PPA) proposed revised guidelines on the implementation of mandatory weighing of export containers.
The shippers referred to in the revised policy is the “legal entity or person named on the bill of lading or sea waybill or equivalent multimodal transport document (e.g. “through” bill of lading) as shipper and/or who (or in whose name or on whose behalf) a contract of carriage has been concluded with a shipping company”. Continue reading Shippers to observe the Verified Gross Mass on all packed containers