WASHINGTON (AP) — President Donald Trump extended a trade truce with China for another 90 days Monday, at least delaying once again a dangerous showdown between the world 's two biggest economies. Trump posted on his Truth Social platform that he signed the executive order for the...
The World Trade Organization (WTO) has revised downward its forecast for global trade growth next year to 1.8 percent from an initial estimate of 2.5 percent as the United States’ (US) reciprocal tariffs come into effect. In its latest trade forecast, the Geneva-based trade body said recent...
The Department of Trade and Industry (DTI) has issued new guidelines to strengthen regulations on vape products, cracking down on flavor descriptors that could entice children and reinforcing import policies. The DTI announced in a social media post on Friday, Aug. 8, that it has issued new...
The governments of the Philippines and Israel have both sent their economic team for the first meeting of its Joint Economic Committee, which looks to host first-round negotiations for a possible Free Trade Agreement (FTA) between the two countries. In a statement, the Embassy of Israel in Manila...
With losses from illicit trade reaching nearly $2 billion annually, the local tobacco industry is calling for the creation of a composite strike force to ensure the imprisonment of offenders and deter the continued rise in illicit activity. On the sidelines of a Financial Times event which focused...
The local agriculture industry may soon see stronger trade ties with Canada, as its agriculture and agri-food minister expressed confidence in deepening the North American country ’s trade relationship with the Philippines. Despite tariff uncertainties in the United States (US), Heath...
The Philippines will commit to addressing non-tariff barriers on imports from the United States (US) as part of a reciprocal trade agreement that will see Manila pay a tariff rate of 19 percent on its US-bound goods. Similar to reciprocal trade deals the US has so far announced, Department of Trade...
The Philippines is working to conclude negotiations for its free trade agreement (FTA) with Chile this year, following a successful first round of talks. Department of Trade and Industry (DTI) Undersecretary Allan Gepty said that after a productive round of negotiations, both countries are now on...
The Philippines is exploring a free trade agreement (FTA) with Israel in a bid to expand both countries’ trade relationship, currently valued at over $400 million, according to the Department of Trade and Industry (DTI). DTI Secretary Cristina Roque announced at the conclusion of the first...
As the Philippines seeks to secure free trade agreements with several trading partners, these deals should not only address the removal of trade barriers but also include provisions for building supply capacity, according to the International Trade Centre (ITC). While trade agreements are reached...
The Philippines expects negotiations for a free trade agreement (FTA) with the European Union (EU) to conclude next year, as the government seeks to open new markets for its goods and services. Department of Trade and Industry (DTI) Secretary Cristina Roque stated that the FTA with the 27-member...
Go Negosyo founder Joey Concepcion commended the Department of Trade and Industry’s (DTI) “all-out support” for micro, small, and medium enterprises (MSMEs) as showcased in its recently held Bagong Pilipinas Tatak Pinoy National Trade Fair. The event, attended by First Lady Liza...
