On the same day the Regional Comprehensive Economic Partnership (RCEP) took effect, the Department of Trade and Industry (DTI) announced that it has launched the Import Surge Monitoring System.
ON the same day the Regional Comprehensive Economic Partnership took effect, the Department of Trade and Industry announced that it has launched the Import Surge Monitoring System, which aims to monitor the influx of imported commodities.Trade Assistant Secretary for International Trade Policy and Trade Negotiation Allan B. Gepty said the DTI through the Bureau of Import Services launched the Import Surge Monitoring System last May 31.
The system will serve as a “guide by businesses in formulating strategies, business plans, forecasting, projecting market demand to increase their competitiveness,” as the dashboard will generate statistical data and trends, the official said. “[For] some companies here in the Philippines, one of the challenges that accounts for their availment or utilization of trade remedies is the lack of information. How many items are coming in? Let’s say wiring harness or maybe paper or maybe ballpen. They have no data, no access to data on importation,” Gepty said.
The analysis entails processing if the increase in the entry of a particular product “is sudden and sharp,” he explained further.
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