Aggrieved PH threatens retaliatory tariffs on Thai car imports
The Philippines is considering imposing tariffs on auto imports from Thailand in retaliation for the neighboring country’s non-compliance with a World Trade Organization (WTO)…
Bicameral committee OKs bill lifting rice import quotas
The Congress bicameral conference committee has approved the rice tariffication bill, which will replace quantitative restrictions (QR) on Philippine rice imports with tariffs and…
Use transaction value to assess shipments, Lapeña reminds BOC officers
Customs Commissioner Isidro Lapeña has reiterated to Bureau of Customs (BOC) officials to adhere to the World Trade Organization (WTO) Customs Valuation Agreement and…
WTO PH trade policy review: CMTA commendable but business environment stands improvement
The World Trade Organization (WTO) has welcomed the Philippines’ implementation of the Customs Modernization and Tariff Act (CMTA) and other trade facilitation measures, but…
IMF, WTO, ICC express concern over announced US import tariffs
The International Monetary Fund (IMF), World Trade Organization (WTO), and International Chamber of Commerce (ICC) have issued separate statements of concern following the announcement…
Indonesia won six of the seven legal challenges it set against the European Union (EU) regarding the latter’s anti-dumping (AD) duties on the Southeast…
The Philippine Bureau of Customs (BOC) highlighted its several achievements in 2017, which included record monthly revenue collections and measures to stop corruption. In…
DOF: Removing QR will cut rice prices by P7 per kilo
The lifting of the quantitative restriction (QR) on Philippine rice imports in favor of tariffs will bring several benefits to the economy, including slashing…
ICC presents business recommendations for WTO agenda
The International Chamber of Commerce (ICC) has emphasized the “strong and unequivocal” support of global business for the World Trade Organization (WTO) in a…
WTO members apply fewer trade restrictions despite volatile economy
World Trade Organization (WTO) members introduced fewer trade-restrictive measures from mid-October 2016 to mid-October 2017 compared to the previous year, according to the organization’s…
Warning: Here Comes An Empowered Customs Audit Group
Malacañang has recently issued Executive Order (EO) No. 46 (dated October 20, 2017) entitled “Reviving the Post Clearance Audit Function of the Bureau of…
The World Tariff Profiles 2017—the latest edition of the annual report on tariff-based market access conditions for goods imposed by World Trade Organization (WTO)…
PH customs and trading rules made easy with new book
“Understanding International Trade, Tariff and Customs” authored by customs and trade expert Atty Agaton Uvero was launched recently at the Makati Shangri-La before guests from the customs,…
Transport crisis, rice tariff bills among LEDAC’s priority measures
The Legislative-Executive Development Advisory Council (LEDAC) has included the National Transport Act (NTA) and the rice import tariff bill among the 28 priority bills…
WTO indicator points to sustained modest uptick in Q3
The World Trade Organization’s (WTO) latest World Trade Outlook Indicator (WTOI) suggests that global merchandise trade growth will continue to strengthen in the third…
Transport act, rice tariff among priority bills LEDAC wants approved this year
The executive committee of the Legislative-Executive Development Advisory Council (LEDAC), the consultative and advisory body to the Philippine President on priority programs and policies…
