The Philippine government remains optimistic about a potential reduction in the tariffs threatened by the United States (US) against the country’s imports, although it will no longer offer additional concessions, according to Department of Trade and Industry (DTI) Secretary Cristina Roque. Roque...
The Philippine Chamber of Commerce and Industry (PCCI) said the minimal cut in tariffs imposed by the United States (US) on the Philippines should prompt the government to address other trade barriers, ensuring the resiliency of local industries amid headwinds. The PCCI said the US’ move to...
The Department of Trade and Industry (DTI) stated that prices of basic necessities and prime commodities remain stable despite the onslaught of three successive tropical storms and the southwest monsoon. In a statement on Thursday, July 24, DTI Secretary Cristina Roque said the agency has...
United States (US) President Donald Trump’s move to reduce the threatened tariffs on Philippine exports by a mere one percentage point (ppt) still positions the country in a favorable light for foreign direct investments (FDIs), according to the Department of Trade and Industry (DTI). Trump said...
The Philippine Chamber of Commerce and Industry (PCCI) is seeking the endorsement of President Marcos for 20 legislative measures that cover digital transformation, trade reforms, and regulatory modernization, aiming to promote inclusive economic growth. In a statement, PCCI President Enunina...
Department of Trade and Industry (DTI) Secretary Cristina Roque dismissed a document circulating on social media as fake that allegedly outlined the Philippines’ concessions to secure a trade agreement with the United States (US). “I want to inform the general public that I did not issue such...
The World Bank considers liberalized rice trade as a boost to the Philippine agriculture sector, even as the Marcos Jr. administration is moving to reinstate the National Food Authority’s (NFA) old regulatory powers. “Strategic shifts are underway to reinvigorate transformation of the...
The Philippines and the European Union (EU) are seeking to expedite the conclusion of negotiations for a free trade agreement (FTA) amid uncertainties in global trade, with the next round of talks scheduled for October in Manila. Department of Trade and Industry (DTI) Undersecretary Allan Gepty,...
Cement manufacturer Taiheiyo Cement Philippines Inc. (TCPI) said it is on track to open its ₱3.72-billion Batangas cement terminal by early 2026, which is expected to meet the growing demand for high-quality cement in Luzon. In a statement released on Thursday, July 17, the Department of Trade...
The Department of Agriculture (DA) will hold on-the-ground consultations with farmers and lawmakers to prepare for the deliberations on the proposed RICE Act, which aims to reinstate the regulatory powers of the National Food Authority (NFA). Agriculture Secretary Francisco Tiu Laurel said he has...
The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) has warned that the imposition of the 20-percent tariffs by the United States (US) on Philippine exports could harm businesses and consumers in both countries. FFCCCII, which comprises over 170 business and trade...
The Philippine Chamber of Commerce and Industry (PCCI) stated that the government must intensify its efforts to expand the country’s export markets to maintain the competitiveness of local industries amid the increase in tariffs on Philippine goods by the United States (US). In a statement, the...
