The South Korean Embassy in the Philippines on Friday, Sep. 8, welcomed the signing of a free-trade agreement (FTA) between Manila and Seoul as it said the move would liberalize almost a 100 percent of both sides' markets. In a statement, the embassy said the signing of the pact "is timely" and...
The country’s trade deficit narrowed in July after both exports and imports contracted by double-digits, data from the Philippine Statistics Authority (PSA) showed Friday, Sept. 8. The trade deficit, or the difference between the value of export and import, narrowed by 30 percent to $4.20 billion...
The Philippines and South Korea signed a free trade agreement during a bilateral meeting on the sidelines of the Association of Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) President Ferdinand "Bongbong"...
The Bureau of Customs (BOC) and the Department of Trade and Industry (DTI) have signed an agreement to strengthen trade policy in the country. Customs Commissioner Bienvenido Y. Rubio and officials from the DTI signed a memorandum of agreement on Monday, Sept. 4, that will ensure the implementation...
Philippine companies that are eyeing to invest in small modular reactors (SMRs) are eyeing inclusion in the targeted negotiation for a trade agreement with the United States for planned nuclear technology installations in the country. According to Aboitiz Power Corporation President and CEO...
President Ferdinand "Bongbong" Marcos Jr. has approved the Department of Trade and Industry's (DTI) three-year Food Logistics Action Agenda aimed at revolutionizing the country's food distribution system, the Presidential Communications Office (PCO) said. President Ferdinand 'Bongbong' Marcos Jr....
Ako Bicol Party-list Rep. Zaldy Co (Facebook) The House Committee on Appropriations is eyeing the augmentation of the proposed 2024 budget of the Department of Trade and Industry (DTI), which is the country’s "main investment promotion agency". Thus,...
Senator Sherwin Gatchalian said the government should address illicit trade in order to generate higher revenue collection and provide some relief for its limited fiscal space. Gatchalian made the appeal during the recent Development Budget Coordination Committee (DBCC) briefing in the...
Philippines and South Korea trade ministers have agreed to work for the signing of the bilateral free trade agreement (FTA), preferably during the 24TH ASEAN-Republic of Korea Summit next month in Indonesia. Trade and Industry Secretary Alfredo E. Pascual relayed the new development after...
CAGAYAN DE ORO CITY – The Department of Trade and Industry (DTI)-Region 10 launched on Friday, August 18, this year’s Kahimunan Northern Mindanao Regional Trade Fair, one of the core activities of the month-long Higalaay Festival 2023 in this city. Almer Masillones, provincial director of...
Germany has expressed its support for the relaunching of the Philippines-European Union (EU) free trade agreement negotiations. President Ferdinand 'Bongbong' Marcos Jr. and German Ambassador Andreas Michael Pfaffernoschke (Photo courtesy of KJ Rosales/PPA Pool) German Ambassador Andreas Michael...
European Union Ambassador to the Philippines Luc Veron said that the “scoping exercise” for the resumption of negotiations for a free trade agreement (FTA) with the Philippines will bring the relationship to the “next level.” (From left) European Commission President Ursula von der Leyen...
