TRADE and Industry officials see the free-trade agreement (FTA) between the Philippines and South Korea as an “important pillar” in terms of positioning the Philippines as the regional hub for “smart” and sustainable manufacturing and services as the world’s 13th-largest economy is a good source for technology. The chief negotiator…
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South Korean firms are encouraged to consider investing in areas in Central Luzon, including New Clark City, as a delegation from the region recently held an outbound business mission to the East Asian country.
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Metro Manila (CNN Philippines, April 30) After being barred from entering the country for over a month, some foreign nationals can again come starting May 1, subject to conditions, Presidential spokesman Harry Roque said Friday.
The entry ban on most foreigners, which was imposed on March 22 due to rising COVID-19 cases, is set to end April 30. All travelers from India and those who went to India preceding their arrival to the Philippines are barred from entering the country until May 14 as a safeguard against virus spread that may be caused by the massive surge in COVID-19 cases in the South Asian country.
(BOC / MANILA BULLETIN)
Under a Memorandum of Agreement signed on Dec. 15, a TWG on strategic trade facilitation (STF) was created to establish communication mechanisms and procedures, organize and implement commodity identification training (CIT) for frontline and enforcement officers, and streamline documentary requirements.
Customs Commissioner Rey Leonardo Guerrero said they entered into an agreement with the DTI in a bid to increase the overall efficiency of the trade environment in the country.
Other parties in the pact are the Strategic Trade Management Office (STMO), Authority of the Freeport of Area Bataan, Clark Development Corp., Philippine Economic Zone Authority, and Subic Bay Metropolitan Authority.