The Philippines is set to position itself as a regional manufacturing hub for electric mobility following the establishment of a program incentivizing domestic electric vehicle (EV) production, according to the Department of Trade and Industry (DTI). Trade Secretary Cristina Roque said Executive...
The Philippines is set to sign its free trade agreement (FTA) with Chile in October, as it looks to upgrade bilateral ties while opening a promising new market for exporters. Trade Secretary Cristina Roque told reporters that the signing of the comprehensive economic partnership agreement (CEPA)...
Philippine merchandise exports rose 13 percent to a record high of over $46 billion in the first half of the year due to strong demand for key products and expanded market access. Latest data from the Philippine Statistics Authority (PSA) showed that goods exports reached $46.72 billion from...
Real estate developers are already lining up to register their properties as information technology (IT) ecozones after the lifting of the moratorium on new applications in Metro Manila, according to the Department of Trade and Industry (DTI). Trade Secretary Cristina Roque told reporters on...
The Department of Trade and Industry (DTI) expects the information technology and business process management (IT-BPM) sector to generate more jobs and attract new investments after the lifting of the ban on IT economic zones in Metro Manila. In a statement on Tuesday, July 28, Trade Secretary...
Philippine exports to the United States (US) continue to enjoy a competitive advantage over shipments from other countries despite the Trump administration 's recent imposition of a 12.5 percent tariff, according to the Department of Trade and Industry (DTI). “We 're not in a bad...
The Philippine Iron and Steel Institute (PISI) is urging the Department of Trade and Industry (DTI) to accelerate the implementation of the new national standard for steel bars to strengthen the country’s resilience against earthquakes and prevent further harm from building failures. PISI...
The Philippines will soon have its first free trade agreement (FTA) with a Latin American country after concluding negotiations for a historic deal with Chile, according to the Department of Trade and Industry (DTI). In a social media post on Friday, July 24, the DTI announced that the Philippines...
The government is now ready to begin laying the groundwork for a program aimed at strengthening the export potential of small and medium-sized enterprises (SMEs) after securing more than $3 million, or roughly ₱185 million, in funding from international development banks. The Department of...
The Philippines expects the United States (US) to consider exempting its imports from the threat of a 12.5-percent tariff following the creation of an inter-agency body tasked with probing the alleged importation of goods produced with forced labor. “It should be,” Department of Trade and...
The Department of Trade and Industry (DTI) is seeking additional funding of up to ₱5 billion for Small Business (SB) Corp. to support its loan programs for micro, small, and medium enterprises (MSMEs), including young entrepreneurs. Trade Secretary Cristina Roque said the DTI is seeking a higher...
The Department of Trade and Industry (DTI) is expanding its initiative aimed at promoting accessibility and affordability in the logistics sector by welcoming nine more private sector partners across the supply chain. Trade Secretary Cristina Roque onboarded the third batch of partners under the...
