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Posts tagged with "World Trade Organization"

WTO goods barometer flashes red as COVID-19 disrupts world trade

WTO goods barometer flashes red as COVID-19 disrupts world trade

May. 24 | The volume of world merchandise trade is likely to fall precipitously in the first half of 2020 as the COVID-19 pandemic disrupts the global economy, according to the WTO Goods Trade Barometer released on May 20. The index currently stands at 87.6, far...

PH presses WTO to act on ruling vs Thailand

PH presses WTO to act on ruling vs Thailand

Mar. 3 | The Philippines is pushing the World Trade Organization (WTO) to include in its agenda the country’s intent to impose tariff on vehicle imports from Thailand after Thailand blocked discussions on the case. The Philippines earlier notified the WTO of...

Aggrieved PH threatens retaliatory tariffs on Thai car imports

Aggrieved PH threatens retaliatory tariffs on Thai car imports

Nov. 17 | Image by Rattakarn_ from Pixabay The Philippines is considering imposing tariffs on auto imports from Thailand in retaliation for the neighboring country’s non-compliance with a World Trade Organization (WTO) ruling that favored the Philippines involving...

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...