The reimposition of the 40 percent tariff on mechanically deboned meat (MDM) will bring in additional P5.5 billion revenues to the country, but will only mean minimal increase in prices for consumers, according to Samahang Industriya ng Agrikultura (SINAG). SINAG made this case as it formally...
The country’s trade deficit narrowed to its lowest level in five-months after exports accelerated while imports further contracted in November last year, data from the Philippines Statistics Authority (PSA) showed. The gap in the trade balance, or the difference between the value...
The Philippine government has lifted the ban on Brazilian poultry meat more than four months since making such a decision. In a memorandum, Agriculture Secretary William Dar said that based on the relevant information provided by Brazil, it has provided evidence that the safety protocols...
The United States Agency for International Development (USAID) has committed more funding to DELIVER-e application, a farmers-to-buyers digital platform recently launched in the Philippines. In a Webinar on Monday, USAID Acting Mission Director for Philippines Patrick Wesner said his agency...
Switzerland, one of the highest per capita countries in the world, has identified processed food, natural ingredients and value-added textiles as potential products that Philippines can export to their country and into the larger EU countries. Photo credit: https://www.sippo.ch/ A recent study by...
The COVID-19 pandemic has induced a marked decline in trade restrictions, the lowest number since 2012, as governments cooperate to stop the spread of the global contagion, according to the global trade body World Trade Organization (WTO). In its latest annual overview, WTO’s Trade Policy...
The country’s trade deficit narrowed in October this year as both exports and imports contracted, data from the Philippine Statistics Authority showed. The gap in the trade balance, which is the difference between the value of export and import, reached $1.77 billion in...
The Department of Finance (DOF) ordered the Department of Trade and Industry (DTI) to return to the government coffers the P32.6 billion sitting idle in the state-owned Philippine International Trading Corp. (PITC). In a statement, Finance Secretary Carlos G. Dominguez III said he has...
The Philippine peso’s rally has defied the odds as the global pandemic raged. Now as the currency stalls, the nation’s trade data could bring a second wind. A widening current account surplus and narrowing trade gap helped propel the peso to the top of the Asia-Pacific currency leader board by...
The Department of Trade and Industry (DTI) has ordered all manufacturers and operators of bagging facilities to immediately cease all printing operations of previously approved cement bag designs indicating the words "Product of the Philippines" but are used to pack imported cement products as it...
Despite the latest warning of the Brazilian government to file legal cases against the Philippine government before the World Trade Organization (WTO), the Department of Agriculture (DA) is determined to keep the disputed import ban on poultry meat coming from the South American country. Department...
The Department of Trade and Industry has relaxed effective today, Thursday, the control measures in the operation of malls and commercial centers but with strict compliance to the health and safety protocols. DTI Secretary Ramon M. Lopez issued Memorandum Order C No. 20-55 on Easing of Control...
