THE Philippine Bureau of Customs (BOC) and the United States Customs are set to sign an agreement that will strengthen the anti-smuggling campaign of both countries.Newly-installed Customs commis-sioner Alexander Arevalo, in an interview, said the Philippines would benefit more once the pact is signed within the next three months.The BOC and the US customs are now finalizing conditions of the Data Agreement on Revenue, Trade Transparency System (DARTS). Funding for the project is $250,000, which the BOC is still trying to source.

"The agreement, when signed, will give the Philippines the advantage to access customs data on all Philippine-bound shipments ahead of time. We would have already checked the cargoes before they actually arrive," Arevalo explained.He added that the scheme would establish an electronic system wherein the US customs will send data to its Philippine counterpart on all Philippine-bound shipments from US ports, eventually giving local authorities the power to evaluate the real trade value of the shipment while it is in transit. The system works both ways.

The move is one of the strategies being devised by the BOC when it totally revamped its anti-smuggling campaign earlier this year.The bureau is also talking to the Association of International Shipping Lines to give the agency advance information on incoming cargoes at least 12 hours prior to arrival for shipment evaluation.To date, information on imported cargoes is submitted five days after arrival at Philippine ports giving customs authorities little time to examine the shipment particularly the true value of the transaction.

Arevalo added that consignees may no longer underdeclare or misdeclare the shipment, particularly those imported cargoes from the US.The BOC is also negotiating with Thailand to enter into the same agreement and expects the same to be signed before yearend. Negotiations are also ongoing with other Asean countries to forge such agreements."Such contract will definitely boost trade in the region at the same time curtail or lessen smuggling in the country," the BOC chief said.

You May Also Like

Cargo Economics Conference tackles key trends, provides hard-to-source statistics

THE PortCalls-organized Cargo Economics Conference last week was attended by about 150 top managers from the transportation sector. Conference speakers detailed key transport industry…

P60M in misdeclared sugar, fireworks seized in Subic

The Bureau of Customs (BOC) recently seized P60 million worth of misdeclared sugar and firecrackers that smugglers attempted to bring into the Philippines through…

PH export basket has remained underdeveloped for decades—report

The Philippines’ export basket barely improved from 1995 to 2014, but it still has the potential to evolve through structural transformation and increased productivity…

Singapore, HK most open markets in latest ICC index

Singapore, Hong Kong, and Luxembourg lead the list of the world’s most open markets for 2017, with only one of the G20 economies making…