TOKYO (AP) — Global free trade is in crisis, the head of the World Trade Organization chief said Tuesday while meeting Japanese Prime Minister Shigaru Ishiba on Tuesday. Ngozi Okonjo-Iweala, director-general of the World Trade Organization, told Ishiba that she has high expectations for Japan as...
With illegal tobacco incidence reaching an all-time high of 18.2 percent in 2024, Philippine Tobacco Institute (PTI) has urged the Marcos administration to recalibrate tax rates to help reverse the declining state of the tobacco industry. The latest industry data showed that illicit cigarettes...
Local furniture manufacturers are seeking immediate government intervention to safeguard the industry from the impact of the 17-percent tariffs imposed by the United States on Philippine goods, citing the risk of potential factory closures and job losses. In a position paper addressed to the...
The ongoing trade dispute between the United States (US) and China could benefit manufacturing hotspots in Southeast Asia, such as the Philippines, provided the government implements sweeping reforms to align trade and investment policies with industrial strategies. In a virtual forum hosted by the...
Department of Trade and Industry (DTI) Secretary Cristina Roque said the 5.4 percent economic growth in the first quarter of the year is a testament to the economy’s “robust resilience,” fueled by strong consumer spending and industry contributions. Roque, who heads the government agency...
The Department of Trade and Industry (DTI), Center for International Trade Expositions and Missions (CITEM), Philippine Fashion Coalition (PFC), and LIT Fashion Consultancy have joined forces to launch the FASHIONPhilippines Milan Mentorship Program 2025 — a bold new platform to champion Filipino...
The shoe company Skechers is being acquired for more than $9 billion to be taken private by the investment firm by 3G Capital. The deal comes amid growing uncertainty over how U.S. President Donald Trump’s tariffs on foreign goods will affect companies who make their products overseas,...
The Philippines and the United States concluded on a “constructive and positive note” their trade talks amid the US’ imposition of reciprocal tariffs on Philippine goods. Philippine Special Assistant to the President for Investment and Economic Affairs, Secretary Frederick Go (right),...
Chinese imports to the Philippines and Philippine exports to the United States (US) surged in the first quarter, amid escalating trade tensions between Washington and Beijing that threaten to disrupt the global economy. The latest preliminary Philippine Statistics Authority (PSA) data on Wednesday,...
The Philippines remains absent from the United States (US) government’s infamous list of countries flagged for issues on safeguarding intellectual property (IP) rights for the 12th straight year. In the 2025 Special 301 Report by the Office of the US Trade Representative (USTR), released...
The Department of Trade and Industry (DTI) will amplify its monitoring of substandard steel products, as they may compromise public safety, especially during natural disasters such as earthquakes. “We'll strictly monitor and enforce,” DTI Secretary Cristina Roque told reporters, when...
Department of Trade and Industry (DTI) Secretary Cristina Roque is looking into providing greater access to key export interests as part of concessions that the United States (US) could ask in exchange for lowering the reciprocal tariffs imposed on Philippine goods. “Not that we're going...
