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...
Some senators on Wednesday, July 23 are disappointed over the Philippines’ failure to get a much lower tariff with the United States, following the negotiations between US President Donald Trump and Philippine President Ferdinand Marcos, Jr. Sen. Joseph Victor “JV” Ejercito, for one,...
The United Nations Conference on Trade and Development (UNCTAD) is urging developing economies to reduce their dependence on the export of key commodities, citing the potential of those with a more diversified economic mix like the Philippines to nurture sustainable growth. Based on its 2025 State...
South Korean Ambassador to Manila Lee Sang-hwa said that there was a 4,000 percent increase in South Korea’s investment in the Philippines during the first quarter of this year because of the free trade agreement (FTA) that entered into force on Dec. 31, 2024. In a media luncheon on Tuesday,...
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 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...
As global demand for sustainable products ramps up, local exporters are poised to benefit from the growing market of environmental goods and services (ESG), according to the International Trade Center (ITC). In a report, the ITC said there is an increasing demand for products and services that...
Department of Trade and Industry (DTI) Secretary Cristina Roque said the government remains “optimistic” about securing a beneficial trade deal with the United States (US), even as President Donald Trump hiked tariffs on Philippine goods to 20 percent. “Of course we’re always optimistic,...
The Philippines has thrown its support behind a commitment to reform international financial systems to address the $4-trillion, or around ₱225-trillion, annual gap in sustainable development funding. Presented during the recent Fourth International Conference on Financing for Development (FFD4)...
The Department of Trade and Industry (DTI) has launched a digital verification system among e-commerce merchants aimed at ensuring the safety and reliability of online transactions. The DTI on Monday, July 7, said it has now opened the application process for the E-Commerce Philippine Trustmark for...
More affordable food for Filipino families and thousands of new jobs in the country are expected as the Department of Trade and Industry (DTI) granted Green Lane certifications to 31 food security projects. In a statement on Friday, July 4, Trade Secretary Cristina A. Roque said that the projects...
