WCO, WTO eye stronger partnership in trade facilitation
The World Trade Organization (WTO) and the World Customs Organization (WCO) have agreed to further enhance their collaboration in support of trade facilitation. On…
President Rodrigo Duterte has signed several executive orders (EO) modifying the rates of duty for several products imported into the Philippines. The new executive…
USTR cites ‘pervasive’ corruption, restrictive policies as PH investment barriers
Corruption, restrictive import policies, and delays in processing of permits and clearances are among the barriers to American exports and investments entering the Philippines,…
IATA says WTO trade facilitation accord a boost to e-freight program
The International Air Transport Association (IATA) welcomed the entry into force of the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA), saying it will…
The Philippines has ratified the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA), which is expected to lower trading costs for local businesses once…
Trade growth appears headed for more sluggish action going into the third quarter, according to a new instrument introduced by the World Trade Organization…
Use of customs broker services should be optional—WCO
The World Customs Organization (WCO) said customs brokers’ services should be made optional in keeping with provisions of the Revised Kyoto Convention, although in…
PH-EFTA free trade deal to bring down customs duties, trade barriers
The Philippines and member states of the European Free Trade Association (EFTA)–Iceland, Liechtenstein, Norway, and Switzerland—have signed a far-reaching free trade agreement (FTA) that…
BOC calls for research paper on customs, global trade for WTO conference
The Philippine Bureau of Customs (BOC) is inviting individuals to submit research papers to be presented at the World Customs Organization (WCO) Partnership in…
BOC ready to comply with WTO free trade pact once ratified
The Bureau of Customs (BOC) is confident it can meet Philippine commitments to the World Trade Organization’s Trade Facilitation Agreement (WTO TFA) if it…
WTO’s TFA to accelerate enhanced PH customs efficiency—DTI
The ratification of the World Trade Organization’s Trade Facilitation Agreement (WTO TFA) will fast track customs processing in the Philippines, leading to a host…
APEC member nations reveal extent of tariff reductions done on green goods
Member economies of the Asia-Pacific Economic Cooperation (APEC) have finally published details of how they are fully implementing tariff reductions on more than 50…
WTO trade facilitation deal to boost global exports by up to $1 trillion per year
The World Trade Organization (WTO) said the full implementation of the WTO Trade Facilitation Agreement (TFA) has the potential to increase global merchandise exports…
PH trade facilitation efforts exceed ASEAN average—UN global survey
The Philippines’ efforts at implementing trade facilitation measures exceed the overall average in Southeast Asia and the Asia-Pacific, according to a just-released survey by…
Compliance gaps in PH trade facilitation commitments to ASEAN identified
Despite progress in automating operations at the Bureau of Customs (BOC), there is much room for improvement in the Philippines’ efforts to fully meet…
Aquino cuts tariff rates on imports promoting green growth
President Benigno Aquino III has issued an executive order modifying tariff rates on certain imported products, particularly goods that support green initiatives, as part…
Asia-Pacific trade facilitation progress below 50%—latest UN study
Trade facilitation efforts by economies in the Asia-Pacific region have been notable but much needs to be done to fast track liberalization, according to…
