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Duterte creates PH trade facilitation committee

Duties and responsibilities Based on the EO, the PTFC shall study, propose, and coordinate the position, activities, or actions of the Philippine government on matters pertaining to the implementation of the WTO-TFA and other trade facilitation commitments. The body shall represent and advance the country’s interests in trade facilitation meetings and submit reports on the compliance of the Philippines with the WTO-TFA and other trade commitments. The PTFC shall likewise coordinate with relevant government agencies and stakeholders on trade-related concerns. It is tasked to propose to the NEDA Board Committee on Tariff and Related Matter (CRTM) trade regulations, measures, and practices that are consistent with the objectives of the WTO-TFA to expedite movement, release, and clearance of goods.

[B-SIDE Podcast] Pharma, agri, and defense: investing in the Philippines

[B-SIDE Podcast] Pharma, agri, and defense: investing in the Philippines  May 17, 2021 | 10:17 am In this episode of B-Side, PEZA Director General Charito B. Plaza tells  BusinessWorld reporter Jenina P. Ibañez how the investment promotion agency is planning a comeback over the next few years.  TAKEAWAYS  Idle land should be converted into ecozones.  Ms. Plaza said the country should accelerate rural progress by creating economic zones in the countryside. The agency partnered with the Union of Local Authorities of the Philippines to identify areas they could convert into ecozones.  “We based it on the land potential and the resources of the plan. We don’t have to destroy land — if it’s an agricultural land, we call it agro-industrial economic zone. If it’s a fishing ground, we have the aquamarine economic zone,” she said. 

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