The Philippines is taking a direct swing at expanding its agricultural footprint in the Middle East, using a fresh trade deal to put domestic coconut products directly onto supermarket shelves across the Gulf Cooperation Council. The Philippine Trade and Investment Center (PTIC) in Dubai launched...
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...
Returning exported goods originally bound for the Middle East may re-enter the country duty-free, as long as they have not been modified or improved through manufacturing or other processes while abroad, the Bureau of Customs (BOC) announced. “All district collectors are hereby directed to ensure...
TORONTO (AP) — Canada took a step Thursday toward opening a new route for its vast oil reserves to Asian markets as Prime Minister Mark Carney advanced a Pacific Coast pipeline from Alberta, seeking to reduce the country’s dependence on the U.S. while easing separatist tensions and preserving...
The Department of Trade and Industry (DTI) is planning to leverage the sustained demand for agricultural commodities to maintain the positive momentum of the country’s exports amid ongoing global uncertainties. Trade Secretary Cristina Roque said the country’s export performance in May reflects...
The Bureau of Customs (BOC) has overhauled its export tracking framework for special economic zones and free ports, establishing an automated integration system that threatens strict physical inspections for non-compliant shippers and introduces potential liability for state investment promotion...
Strong global demand for electronics is helping Asian manufacturers, including those in the Philippines, weather the impact of elevated energy prices caused by the prolonged war in the Middle East, although inflationary pressures remain a concern, according to think tank Capital Economics. In a...
ILOILO CITY – The Department of Trade and Industry (DTI) has refined the development road map for micro, small, and medium enterprise (MSME) product exports in Western Visayas region. DTI-6 officer-in-charge Regional Director Mutya Eusores said the Export Development Road Map for MSMEs of Western...
The United States (US) is seeking to leverage the growing appeal of convenient meal products in the Philippines to widen its reach in the packaged soups and ready meals market, further expanding its presence in its 10th-largest export market. In a May 26 report, the US Department of Agriculture...
The Department of Trade and Industry (DTI) remains optimistic that the boom in artificial intelligence (AI), agricultural trends, and an aggressive push for new free-trade agreements (FTAs) will shield the country’s export sector from deepening disruptions in the Middle East. Trade and Industry...
SAO PAULO (AP) — Brazil said Tuesday that the European Union has moved to block its animal product exports from September, just days after a mega deal between the South American trade bloc Mercosur and the EU on a trans-Atlantic market estimated at $22 trillion went into effect, at least...
As fuel prices continue to weigh on the export sector, the Philippine Exporters Confederation Inc. (Philexport) is calling for the suspension of the 12-percent value-added tax (VAT) to ease cost pressures on businesses and consumers. In a statement on Thursday, April 16, Philexport president Sergio...
