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(MANILA BULLETIN) On December 15, 2020, the BOC entered into a Memorandum of Agreement with the Strategic Trade Management Office (STMO), Authority of the Freeport of Area Bataan (AFAB), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA) and Subic Bay Metropolitan Authority (SBMA). The partnership aims to establish an effective coordination and cooperation mechanism towards enhanced trade facilitation, optimize information sharing, boost the capability of front liners to identify strategic goods, and reduce the complexity of doing business of legitimate and compliant strategic goods exporters. This effort, headed by the DTI, is in consonance with Republic Act No. 10697 otherwise known as the “Strategic Trade Management Act” (STMA), authorizing the establishment of STMO to serve as the executive and technical agency of the national government for the establishment of the management systems for the trade in strategic goods.

Subic bayRey leonardo guerreroAuthority of the freeportNational strategic goods listPhilippine economic zone authorityBureau of customsSubic bay metropolitan authorityStrategic trade management officeClark development corporationBureau of custom risk management officeTechnical working group on strategic trade facilitationArea bataanRepublic actTrade managementTechnical working groupStrategic trade facilitation