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Oct 17, 2017 @ 11:39

Gov’t’s online trade facilitation system to cover rice, 6 other commodities

Starting December, the government’s online trade facilitation platform– which aims to minimize the costs of doing business and cut the processing time for import and export permits– will initially cover rice and six other commonly traded goods that represent half of the Philippines’ total trade volume.

Department of Finance (DOF) Undersecretary and Chief Economist Gil Beltran said that TradeNet.gov.ph, which will also perform the functions of the country’s National Single Window (NSW), will allow traders to use the system to apply for import and export permits for rice, sugar, used motor vehicles, chemicals (toluene), frozen meat medicines (for humans, animals or fish) and cured tobacco.

The NSW, which will eventually be interconnected by December to the Association of Southeast Asian Nations (ASEAN) Single Window, is a regional initiative that aims to speed up cargo clearances and promote economic integration by enabling the electronic exchange of border documents among the organization’s 10 member-states.

“The initial deployment will allow traders to use the system for the first seven commodities that represent fifty percent of the total trade volume of the Philippines,” Beltran said in his report to Finance Secretary Carlos Dominguez III during a recent DOF Executive Committee (Execom) meeting.

Beltran said at the Execom meeting that 16 agencies involved in the processing of permits for the import and export of these first seven commodities will have to be connected online to TradeNet by December.

These include the Bureau of Animal Industry (BAI), National Tobacco Administration (NTA), Fair Trade and Enforcement Bureau (FTEB), National Food Authority (NFA), Bureau of Plant Industry (BPI), Food and Drugs Administration (FDA), National Meat Inspection Service (NMIS), Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC).



 

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