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Posts tagged with "World Trade Organization"

All About the PH Rice Tariffication Act

All About the PH Rice Tariffication Act

Mar. 3 | By March 5, Republic Act No. 11203 (Rice Tariffication Act) should have taken effect. In theory, the new law should reduce the local consumer price of rice by at least P4 per kilo arising from more competition in the local market with the entry of cheaper...

Bicameral committee OKs bill lifting rice import quotas

Bicameral committee OKs bill lifting rice import quotas

Nov. 25 | The Congress bicameral conference committee has approved the rice tariffication bill, which will replace quantitative restrictions (QR) on Philippine rice imports with tariffs and remove unnecessary government intervention in the rice market. The two...

Use transaction value to assess shipments, Lapeña reminds BOC officers

Use transaction value to assess shipments, Lapeña reminds BOC officers

Sep. 9 | Customs Commissioner Isidro Lapeña has reiterated to Bureau of Customs (BOC) officials to adhere to the World Trade Organization (WTO) Customs Valuation Agreement and to use transaction value as the primary method for determining the value of shipments. The...

WTO PH trade policy review: CMTA commendable but business environment stands improvement

WTO PH trade policy review: CMTA commendable but business environment stands improvement

Apr. 3 | The World Trade Organization (WTO) has welcomed the Philippines’ implementation of the Customs Modernization and Tariff Act (CMTA) and other trade facilitation measures, but observed that the business environment can still benefit from further improvement. WTO,...

PH trade policy undergoes  WTO review

PH trade policy undergoes WTO review

Mar. 28 | The Department of Trade and Industry (DTI) led an inter-agency delegation to represent the Philippines for its Fifth Trade Policy Review by the World Trade Organization (WTO). Trade Secretary Ramon M. Lopez, the Philippines’ chief negotiator at the...

IMF, WTO, ICC express concern over announced US import tariffs

IMF, WTO, ICC express concern over announced US import tariffs

Mar. 5 | The International Monetary Fund (IMF), World Trade Organization (WTO), and International Chamber of Commerce (ICC) have issued separate statements of concern following the announcement by U.S. President Donald Trump that the United States would start...

WTO backs Indonesia on EU’s biodiesel AD duties

WTO backs Indonesia on EU’s biodiesel AD duties

Feb. 5 | Indonesia won six of the seven legal challenges it set against the European Union (EU) regarding the latter’s anti-dumping (AD) duties on the Southeast Asian country’s biodiesel exports. On January 25, 2018, the World Trade Organization (WTO) ruled...

BOC recaps reforms, milestones in 2017

BOC recaps reforms, milestones in 2017

Jan. 8 | The Philippine Bureau of Customs (BOC) highlighted its several achievements in 2017, which included record monthly revenue collections and measures to stop corruption. In a statement, BOC noted that the accomplishments of the country’s second top revenue-generating...

DOF: Removing QR will cut rice prices by P7 per kilo

DOF: Removing QR will cut rice prices by P7 per kilo

Dec. 22 | The lifting of the quantitative restriction (QR) on Philippine rice imports in favor of tariffs will bring several benefits to the economy, including slashing the retail price of the food staple by as much as P7 per kilo, according to the Department...

ICC presents business recommendations for WTO agenda

ICC presents business recommendations for WTO agenda

Dec. 13 | The International Chamber of Commerce (ICC) has emphasized the “strong and unequivocal” support of global business for the World Trade Organization (WTO) in a statement issued at a major forum held December 12 alongside the WTO’s 11th Ministerial...
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