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PCCI seeks creation of trade monitor on non-tariff measures

PCCI seeks creation of trade monitor on non-tariff measures

The government has been urged to establish a trade monitoring mechanism to watch out for the implementation of non-tariff measures (NTMs), which are the next frontier of trade protectionism, that other Association of Southeast Asian countries (ASEAN) are expected to impose once the full force of the region’s economic integration comes into effect by end […]

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PH aerospace targets $10-B revenues

The Philippine aerospace industry is projecting to generate $10.332 billion cumulative revenues by 2022 saying the country has the potential to gain another 20 percent share of the $140 billion global commercial aerospace components business as long as the required investments and government interventions to build the local supply chain are put in place. Willie […]

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Aerospace, electric vehicle industries bullish

The Aerospace Industries Association of the Philippines (AIAP) and the Electric Vehicle Association of the Philippines (EVAP) are gearing up for a robust growth next year and forward on strong prospect of the local automotive industry. The two associations growth forecast are contained in their industry roadmaps which are set for presentation during the 9th […]

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DTI objects to creation of trade representative office in bill

The Department of Trade and Industry (DTI) has strongly opposed a bill filed in Congress seeking to create a Philippine Trade Representative Office (PTRO), similar to the US Trade Representative (USTR), saying it will just create inefficiency and redundancy in trade negotiations, which are currently undertaken by a competent government body. The creation of PRTO […]

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Price freeze covers convenience stores

Convenience stores and retailers operating on a 24-hour basis in areas declared under state of calamity are warned against raising prices beyond the suggested retail price levels prior to the declaration, the Department of Trade and Industry said. DTI Undersecretary Vic Dimagiba made this clarification as the agency has an earlier agreement allowing convenience stores […]

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FEMSA sets PH as platform for Asian expansion

Coca-Cola FEMSA has revealed its intention to make the Philippines its platform for eventual expansion in Asia as the Mexican company committed to further strengthen its operations in the country. In a letter addressed to Trade and Industry Secretary Gregory L. Domingo, the local subsidiary of Mexican firm FEMSA had requested for a meeting to […]

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Tricycle driver hopes AEC will make travel easier

Tricycle driver hopes AEC  will make travel easier

Manila-born Rouel Rodrigora, 32, has been plying an old, gas-guzzling tricycle on a necessarily slow route in and out of Tandang Sora Quezon City’s streets since January this year. He confessed that when he left his former job as community security guard – at which he was a regular for six years – he thought […]

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More US brands opening franchises in PH

American enterprises have tremendous interest to open franchises in the Philippines because Filipinos have been very receptive towards American brands ensuring higher rate of success. Kristin Houston, senior international trade specialist of the US Commercial Service, told reporters during a press conference that each of the 14 US franchises had meetings with 7 to 12 […]

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WTO agrees on food safety deal

Members of the World Trade Organization (WTO) have agreed on a new procedure to help them settle their differences on food safety and animal and plant health measures, so long as there are no objections by 5 September 2014. The proposal has been discussed in the sanitary and phytosanitary measures (SPS) committee for some time, […]

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EU body endorses PH GSP+ application

The EU Commission has favorably endorsed ahead of schedule the Philippine application for 6,274 tariff lines for duty-free access to the 28-member European trading bloc. Trade and Industry Undersecretary Adrian S. Cristobal Jr. told reporters during a press conference they have been informed in a note verbale of the EU Commission’s favorable endorsement to the […]

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