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Archive for September, 2003

Understanding the WTO: Nature and Concept (1)

Understanding the WTO: Nature and Concept (1)

Sep. 29 | This is a three-part series on the WTO, its nature, concept, principles and agreements. Philippine Membership to the WTO. On January 1, 1995, the World Trade Organization (WTO) was officially established with more than 120 countries, including the Philippines,...

How MNC set the Price for Exported Goods

How MNC set the Price for Exported Goods

Sep. 15 | Related Party Transactions. One common issue for Multinational Companies (MNCs) when clearing goods with customs is how to prove that the price paid for the imported article has not been influenced by the relationship between the buyer and supplier. Under...

Latest Update on Customs Audit Systems

Latest Update on Customs Audit Systems

Sep. 1 | New Customs Positions. Last June 15, 2003, the Bureau of Customs (BoC) advertised in major newspapers a list of vacancies under the Post Entry Audit (PEA) group. Of the 65 positions available, more than two-thirds referred to technical positions. For...
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