Category Archives: Trade Policy & Procedures Simplification

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/Continue reading PBBM vows to streamline further the BOC processes

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.

QR Ph introduces a standard that would eliminate the need to display numerous QR codes in establishments and to purchase expensive electronic data capture systems. Because of the facility’s interoperability, consumers only need to have one QR code and businesses can use a single system to scan and process payments. The recently launched QR PH P2M payment facility allows buyers to pay even small value transactions such as jeepney or tricycle fares and payments of goods and services to micro, small and medium enterprises (MSMEs) at no cost to the buyer. On an exporter’s end, the said program is beneficial as it is both tailored for convenience and security in dealing with their regular transactions. Given the information on the recurring digital payment transactions of both their retail individual and business customers, exporters are now provided data that would help them build financial profiles of their target client base through which they can design customer-centric financial services that are tailored to their specific needs and circumstances.

For more information, please visit www.bworldonline.com.DAC

BOC appoints PCCI as the ATA Carnet issuer in the Philippines

The Bureau of Customs (BOC) appoints the Philippine Chamber of Commerce and Industries (PCCI) as the National Issuing and Guaranteeing Association (NIGA) for the ATA Carnet implementation in the country. PCCI will be the issuer of temporary admission papers, also known as merchandise passports, which allow temporary admission of goods, duties and tax-free for one year (maximum) within and among the ATA Carnet member countries and territories. Continue reading BOC appoints PCCI as the ATA Carnet issuer in the Philippines

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.  Continue reading DTI gears up digital transformation for MSMEs

EDC and business groups reaffirmed call for Congress to approve Public Service Act amendments

The Export Development Council (EDC), together with the Philippine Chamber of Commerce and Industry (PCCI), Philippine Exporters Confederation, Inc. (PHILEXPORT), and Supply Chain Management Association of the Philippines (SCMAP) reaffirm call for Congress to approve the Public Service Act (PSA) amendments.

The groups highly encourage the Congressional Bicameral Conference Committee to adopt the most liberal provisions between the House and Senate versions in the sectors of (1) airports and seaports, (2) tollways/expressways, (3) air carriers, (4) telecommunications, and (5) public utility vehicles (PUVs).  Continue reading EDC and business groups reaffirmed call for Congress to approve Public Service Act amendments

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 

PH Electronics export performance soar to greater heights amid the pandemic

The Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) Electronics Export earmarked the growth of the Electronics Export for the year 2021. Based on the Philippine Import and Export Statistics of the Philippine Statistics Authority (PSA), electronics exports rose to US$45.92 billion in 2021 which is 12.90% higher than the US$ 40.67 billion in 2020. For more information, visit https://www.seipi.org.ph/article/december-2021-philippine-electronics-export-performance/.
Continue reading PH Electronics export performance soar to greater heights amid the pandemic

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

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.

Data declared under the ACDD is used as a reference to measure cargo risks using the fifteen (15) mandatory information parameters set forth by the ASEAN Single Window Technical Working Group (ASW-TWG). This efficiently facilitates the exchanges of export declaration information among AMS through the ASW. It also expedites cargo clearances and improves document trade facilitation.  Continue reading PH LIVE exchanges electronic ASEAN Customs Declaration Document with 4 ASEAN Member States 

BOC prepares PH Live Exchange of the ASEAN Customs Declaration Document via TradeNet

The Bureau of Customs (BOC) prepares the PH live exchange of the ASEAN Customs Declaration Document (ACDD) by December 2021, via the TradeNet. The completion of the ACDD system’s bidding process received concurrence from the United States Agency for International Development’s (USAID) on 05 August 2021. BOC is now crafting a national master data plan with the USAID ASEAN Policy Implementation (API) Project Team for Interoperability. Continue reading BOC prepares PH Live Exchange of the ASEAN Customs Declaration Document via TradeNet