The Regional Comprehensive Economic Partnership (RCEP) takes effect today, June 2, 2023, in the Philippines. ManilaBulletin
As RCEP takes effect, the Department of Trade and Industry also launched on Wednesday, May 31, the Import Surge Monitoring System to monitor the influx of imported goods.
The Bureau of Customs also set the stage for the availment of lower tariffs with the issuance of Customs Memorandum Order No. 12-2023 on May 26, 2023, or the guidelines on the issuance of proof of origin, grant of preferential tariff treatment, and verification procedures of the RCEP agreement. The CMO takes effect today, June 2, 2023, the effectivity date of Executive Order No. 25 issued by President Ferdinand R. Marcos Jr.
The Philippines was the last to join RCEP because the ratification of the trade treaty took longer due to strong opposition from various groups, particularly the agriculture sector. President Ferdinand R. Marcos Jr. signed Executive Order 25 on May 7, approving the National Economic and Development Authority Board's recommendation to operationalize the country's schedule of tariff commitments under RCEP.
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.
Philippines’ 2023 rainy season underway, says PAGASAPAGASA makes the declaration on Friday, June 2, following widespread rain from thunderstorms, Super Typhoon Betty (Mawar), and the southwest monsoon.
Read more »
Get to know the winners of the Binibining Pilipinas 2023Curious to know about the queens who emerged victorious at the recently-concluded Binibining Pilipinas 2023 pageant? | via philstarlife
Read more »
RESULTS: May 2023 Licensure Examination for Certified Public AccountantsICYMI. CONGRATS TO OUR NEW CPAs! 🧮🎉 PRESS RELEASE: 2,239 out of 7,376 examinees passed the Licensure Examination for Certified Public Accountants. CPALE2023
Read more »
Who is Anna Valencia Lakrini, Binibining Pilipinas Globe 2023?The Filipino-German beauty queen will be competing in hopes of winning the Philippines' 3rd Miss Globe crown.
Read more »
The Best Micro SD Cards of 2023: Supercharge Your Storage Now!Our devices contain countless photos, videos, and other media; we fill them with more daily. Eventually, your phone, camera, and other gadgets will run out of internal storage. Fortunately, you can
Read more »