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Trade Secretary Ramon Lopez emphasized the need for provisional safeguard measures on the auto industry following news that Nissan Philippines will be shutting its operations. Nissan recently informed the Department of Trade and Industry (DTI) that Nissan will cease assembling its Almera model in the country in line with the group’s global plan to optimize […]
President Rodrigo Duterte has issued Executive Order (EO) No. 123 that retains the 5% tariff rate on imported mechanically deboned meat (MDM) instead of increasing it to 40%. The retention of the 5% MDM tariff prevents any huge price increase in the processed and canned meat products, the Department of Trade and Industry (DTI) said. […]
The Department of Trade and Industry (DTI), in partnership with the Department of Agriculture (DA), has filed charges against 60 traders who violated the Republic Act 7581 or the Price Act. DTI Secretary Ramon Lopez said the two agencies have been partnering with each other to bust profiteering groups taking advantage of the many restrictions […]
Trade Secretary Ramon Lopez highlighted the legislative plans of the Department of Trade and Industry (DTI) to cement closer collaboration with the Lone District of Navotas Representative John Reynald Tiangco, the new House Chair of the Committee on Trade and Industry, as they held their first virtual meeting recently. Lopez requested for the assistance of […]
Trade Secretary Ramon Lopez expressed confidence in a more optimistic business outlook for 2021 in reaction to the latest Social Weather Stations (SWS) report of the November 2020 Net Economic Optimism. The report, conducted from 21 to 25 November, indicated that 42% of Filipinos expect the local economy in better shape in the next 12 […]
The Department of Trade and Industry (DTI) is adjusting safeguard duty for imported cement this 2021 for the second year of the imposition of the trade remedy. DTI-Bureau of Import Services director Luis Catibayan said safeguard duty this year is being eyed at P9.80 per 40-kilogram bag of cement, which is higher from the initial […]
The Department of Trade and Industry’s (DTI) preliminary determination on the petition for safeguard measures filed by the Philippine Metalworkers Alliance found that increased importation of passenger cars and light commercial vehicles is a substantial cause of serious injury to the domestic motor vehicle manufacturing industry. DTI’s preliminary determination also found that critical circumstances exist […]
The Department of Trade and Industry (DTI) and the Philippine Trade Training Center (PTTC) virtually launched the “Building an Entrepreneurial Society of Tomorrow Bootcamp: Accept, Adapt, and Act” (BEST Bootcamp: 3A) Program, which will provide business mentoring and entrepreneurial training for displaced or retrenched workers because of the pandemic and those who want to start […]
The Department of Trade and Industry (DTI) and Technical Education and Skills Development Authority (TESDA) have recently allowed more Technical Vocational Education and Training (TVET) Qualifications training and assessments to be conducted in areas placed under the General Community Quarantine (GCQ), following the issuance of Joint Memorandum Circular No. 20-06 released recently. According to the […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez joined the Trade Ministers from the Member States of the Association of Southeast Asian Nations (ASEAN) and its five trade partners—Australia, China, Japan, Korea, and New Zealand—in signing the Regional Comprehensive Economic Partnership (RCEP) Agreement. The historic signing, held during the 4th RCEP Leaders’ Summit held via Video […]