The Philippines hosted the first International Ecotourism Travel Mart (IETM), that brings together individuals, experts, organizations, ecotourism practitioners, advocates and exhibitors to learn and network across cultures and showcase products and services that have strong economic components, green technology, and sustainable green practices.
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Boost in PH Foreign Trade noted in 2022
The Philippine Foreign Trade boosted by 12.9%, amounting to $216.20 billion in 2022 from $191.58 billion in 2021. However, the imports further broadened the country’s trade gap by 38%, according to the Philippine Statistics Authority (PSA) data.
The total foreign trade of imports, which comprised 63.5%, grew 17.4% to $137.22 billion in 2022 from $116.89 billion in 2021 as the economy regains momentum to recover from the pandemic. Some imports are raw materials to semi-processed or finished goods for export. Thus, Exports likewise gained, but at a slower pace of 5.7% to $78.98 billion from $74.693 billion, which led to a trade deficit.
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BOC and ARISE+PH: AEO Program addresses Security Measures with Mutual Recognition
To boost export competitiveness of Philippine products, the Bureau of Customs (BOC) together with ARISE+ PH advocates for the nationwide information campaign on the implementation of the Authorized Economic Operators (AEO) Program. Several countries, including Indonesia, Moldova, and the EU, shared their learnings and experiences on the AEO Program during the workshop.
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