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The Philippines, together with the other nine ASEAN (Association of South East Asian Nations) member states has begun to implement the ASEAN-Wide Self-Certification Scheme (AWSC) starting 20 September 2020. The AWSC simplifies and streamlines origin certification procedure to claim and be granted lower duties or, in most cases, duty-free treatment when using the ASEAN […]
Exports of agriculture and fishery products have provided the bright spot to the otherwise bleak picture of the country’s trade numbers. The Department of Agriculture said export shipments of agri-fishery products from January to March 2020 grew by 12 percent to $1.31 billion, from $1.17B recorded for the same period in 2019, citing data from […]
Introducing other measures to support local vehicle manufacturers is being eyed after Honda Cars Philippines, Inc. (HCPI) announced the closure of its car manufacturing operation in the country next month. “We really have to study the need to impose safeguard duty and other measures to provide at least a level of support to the local […]
Offering higher wages in the construction industry will address the shortage of skilled labor in the sector, Trade Secretary Ramon Lopez said. Lopez told reporters that construction companies are now hiking wages to ensure that there will be no delays in their projects due to manpower shortage. “We see it happening.” “We see it happening, because […]
President Rodrigo Duterte has approved the Department of Trade and Industry’s (DTI) proposed regulatory reforms to further improve the country’s business climate, Malacañang said. Duterte gave his nod during the 44th meeting with his Cabinet at Malacañan Palace, Presidential Spokesperson Salvador Panelo said. Panelo said the President approved the suggestions raised by Trade Secretary Ramon […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez underscored the deepening trade and investment relations between the Philippines and India after Indian President Ram Nath Kovind conveyed his country’s interest to participate in the Philippine growth story. During the recent ASEAN-India Business Summit Gala, Kovind and Lopez expressed optimism on the growth of economic […]
Senator Bong Go said President Rodrigo Duterte’s official visit to Russia has been fruitful so far, with his campaign against terrorism earning praises from Russian President Vladimir Putin who according to the senator, is also willing to give his support. “Naging maayos naman ang pagbisita ng Pangulo. First day sa pagbisita sa Russia, nagpasalamat ang […]
Three Memoranda of Understanding (MOU) were signed between Philippine tuna producers and their Russian counterparts at a business forum attended by President Rodrigo Duterte during his five-day trip to Russia. The MOUs should pave the way for greater business opportunities for the country’s $400 million tuna industry, said Cabinet Secretary Karlo Nograles on Sunday. “As […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez revealed that Russian businesses are keen on expanding their operations to the Philippines. During a meeting with Russian Deputy Minister of Industry and Trade Aleksey Gruzdev and delegation of Russian business executives recently, Lopez shared the Philippines’ priority industries that Russia can participate in. Lopez highlighted […]
The Philippines will continue to push for stronger bilateral business and economic relations with China following the fifth visit of President Rodrigo Duterte to Beijing last month. This was the assurance given by Department of Trade and Industry (DTI) Secretary Ramon Lopez during the PH-China Business Forum, which was attended by a 272-business delegation from […]