The Finance department is pushing for further easing of various non-tariff measures (NTMs), such as fewer import permits, to facilitate easier entry of food supplies to temper the country’s accelerated inflation rate. Know more:
THE Finance department is pushing for further easing of various non-tariff measures , such as fewer import permits, to facilitate easier entry of food supplies to temper the country’s accelerated inflation rate.
SPSICs is an import document that certifies that a shipment is compliant with the country’s food safety and plant quarantine rules. Diokno also proposed to Marcos the implementation of Article 4 of the World Trade Organization SPS Agreement or the equivalence principle. “So what we are saying regarding equivalence, [is that] if the imported goods are already okay with other countries and the approval is reliable, then we should not redo the approval here so we can fast-track the release,” he added.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NTMS still a ‘major hurdle’ for exporters in region | Andrea E. San JuanNONTARIFF measures (NTM) remain a “major hurdle” for exporters in the Philippines and other Asia-Pacific countries, according to a joint report by the International Trade Centre (ITC) and Economic and Social Commission for Asia and the Pacific (ESCAP). According to the report published in February 2023, two-thirds (66 percent) of…
Read more »
Qatar's emir names new PM, reappoints energy and finance ministers in cabinet reshuffleSheikh Mohammed Bin Abdulrahman al-Thani is named prime minister, replacing Sheikh Khalid bin Khalifa bin Abdelaziz al-Thani, who has held the post since 2020.
Read more »
DOE to adjust work hours, limit aircon temperature to save energyThe Department of Energy will adjust its work hours and limit the temperature of air conditioning units in its office as part of the Energy Conservation Plan, Finance Secretary Benjamin Diokno said.
Read more »
Gov’t ramps up measures to tackle high inflationThe Department of Finance recommended to President Ferdinand Marcos Jr. a host of measures to address inflation, which remained elevated at 8.6 percent in February due to high food prices brought about by agricultural supply shortages.
Read more »
UnionBank unit tapped as tech provider for electric minibus programThe open finance unit of Aboitiz-led Union Bank of the Philippines was tapped as technology provider for the new blockchain-enabled electric minibus service of Global Electric Transport Philippines. | miguelrcamusINQ /PDI
Read more »
DOF's Diokno: Marcos to form permanent inflation, market outlook panelPresident Ferdinand Marcos Jr. is forming a permanent inter-agency committee to address the still lingering elevated inflation, Finance Secretary Benjamin Diokno said Tuesday.
Read more »