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The Philippines will renew its special incentive arrangement on the EU GSP+ for competitive advantage. This Generalized Scheme of Preferences (GSP) allows duty-free exports (under 6,000 tariff lines) to the European Union. This enables cheaper entry of Philippine goods into the EU market.
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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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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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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.
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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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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Business organizations, namely Philippine Chamber of Commerce and Industry (PCCI), Philippine Exporters Confederation, Inc. (PHILEXPORT), and Supply Chain Management of the Philippines (SCMAP) once again expressed their support for the decoupling of the Philippine Ports Authority (PPA).
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Hon. Ferdinand Martin G. Romualdez, Speaker of the House of Representatives (HOR), presented the new Administration’s Economic Legislative Agenda: Priorities and Gameplans at the PCCI General Membership Meeting on 04 August 2022 at Makati Diamond Residences.
Speaker Romualdez highlighted several goals and initiatives of the New Administration, i.e., job creation, poverty reduction, food security, reduction of transport and logistics cost, as well as energy costs to families, addressing health concerns, strengthening of social protection programs in terms of face to face classes, enhance bureaucratic efficiency, and sound fiscal management.
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ARTA crafted an issuance in relation to the National Policy on Regulatory Management System (NPRMS). The objective of such is to formulate a common framework for good regulatory practice for regulators at all stages of the regulatory life cycle.
The NPRMS will also lay down the implementing guidelines and procedures for the implementation of the Regulatory Impact Assessment (RIA) requirement pursuant to Sections 5 and 17 of Republic Act No. 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018.
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Department of Trade and Industry (DTI) new Secretary Alfredo E. Pascual presented the DTI’s ten strategic priorities during the second cabinet meeting on 12 July 2022, presided by President Ferdinand “Bongbong” Romualdez Marcos, Jr.
Continue reading “DTI reconfigures export sectors into Industry Clusters”