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Important customs rules

Be it a bunch of pasalubong from a trip abroad or a package for delivery to a customer overseas, the Bureau of Customs (BoC)...

DTI to investigate surge in ceramic floor, wall tiles imports

THE Department of Trade and Industry (DTI) will conduct a preliminary investigation on the surge in imports of ceramic floor and wall tiles after domestic manufacturers said these excessive shipments are hurting the local market.

Trade war fears hit European factories as global optimism wanes

Euro-area manufacturers saw order growth slow to the weakest pace in two years after renewed concerns over trade prospects hit confidence. Purchasing Managers’ Indexes from...

US-China trade war hits $100 billion in goods

Washington -- From Harley-Davidson motorcycles and American bourbon to Chinese parts and machinery, the world's two largest economies have exchanged punitive tariffs that slice...

Starbucks boycott? Nike shutdown? China holds trade war leverage

America’s corporate bosses could be excused if they don’t agree with President Donald Trump’s boasts that a trade war is “ easy to win.”...

China-US to resume low-level talks in bid to resolve trade war

China will dispatch Vice Commerce Minister Wang Shouwen to the U.S. for low-level trade talks in late August, the first official exchanges since earlier...

US readies to slap duties on $16 billion of Chinese goods

The U.S. said it will begin imposing 25% duties on an additional $16 billion in Chinese imports in two weeks, escalating a trade war...

Exports flat, imports up in June – PSA

The country's trade deficit widened in June as exports were flat while imports grew by double-digits, reported the Philippine Statistics Authority. Exports declined by a...

US considers higher tariffs on $200 billion in Chinese imports

The Trump administration will propose more than doubling its planned tariffs on $200 billion in Chinese imports, ratcheting up pressure on Beijing to return...

Philippines’ top trading partners for imports (May 2018)

By Mark T. Amoguis, Researcher The country's main source of merchandise goods in May was China, cornering 20.3% of the total import bill that month....

China’s economy slows as expected with trade war dimming outlook

China’s economic expansion slowed in line with expectations, signaling broadly stable output as the trade conflict with the US intensifies. Gross domestic product increased 6.7%...

Some US manufacturers feeling trade war pinch: survey

Washington -- Some US manufacturers are delaying investments and raising prices as President Donald Trump escalates trade wars with key US economic partners but...

EU urges big powers to avert trade ‘conflict and chaos’

Beijing, China -- The European Union called Monday on the United States, China and Russia to work together to cool worsening global trade tensions,...

Trade gap widens as exports decline for fifth straight month

Exports declined for the fifth straight month in May while imports grew by double-digits, reported the Philippine Statistics Authority Tuesday morning. Exports declined by 3.8%...

Philippines’ top agriculture imports

By Lourdes O. Pilar, Researcher In the first quarter of 2018, the country's agriculture imports totalled $2.994 billion, 4.2% higher compared to $2.874 billion logged...

Lawmakers eye rice imports amid 5.2% inflation

Kung mayroong intervention ang gagawin, isa sa pinakamahalaga ay ang pagpasok ng murang bigas. (If there should be an intervention, it should be importing cheap rice),” Senate Economic Affairs Committee Chair Sen. Sherwin T. Gatchalian said in a radio interview Friday.

Where does the Philippines source most of its imported goods?

By Carmina Angelica V. Olano, Researcher China, Japan and South Korea remained as the country's top source of imports, accounting for 39% of the total...

China accuses Trump of ‘blackmail’ after new tariffs threat

Beijing, China -- Beijing on Tuesday accused Donald Trump of "blackmail" and warned it would retaliate in kind after the US president threatened to...

China warns US against tariffs as trade talks end

Beijing, China -- China warned the US that any deals reached during ongoing trade talks would be void if Washington went ahead with imposing...

DOE: First shipment of imported oil from non-OPEC sources to arrive...

The Department of Energy (DoE) targets to receive in June the first shipment of oil from non-members of the Organization of the Petroleum Exporting...

China is said to plan tariff cut on wide range of...

China is planning to reduce import duties on consumer goods ranging from food to cosmetics, people familiar with the matter said. The tariff cuts, which...

Weak trade data add to growth risks

By Mark T. Amoguis Researcher THE Philippine economy -- whose first-quarter performance will be reported today -- could not rely on trade as sales abroad of...

Exports down, imports flat in March – PSA

The Philippines’ trade deficit once again widened in March as exports slumped while imports barely grew, the government reported this morning. Preliminary data from the...

A bustling and thriving sector

By Bjorn Biel M. Beltran, Special Features Writer As a country of over 7,000 islands surrounded on all sides by waters, it’s no wonder that the...

Trade gap grows as exports drop

MERCHANDISE EXPORTS in February fell for the first time in 15 months while imports continued to grow by double digits leading to a wider...

US stock selloff deepens amid Trump trade jabs, jobs

The selloff in U.S. stocks deepened as the White House’s latest trade bluster rattled global financial markets. The S&P 500 Index plunged more than 2...

Southeast Asia braces for trade war by bolstering growth

Policy makers across Southeast Asia are bracing for a fallout from a U.S.-China trade war, turning their focus on bolstering their domestic markets to...

Trade gap continues to widen as imports outpace exports in January

THE Philippines’ trade deficit continued to widen in January with imports rising by double-digits amid flat exports growth. Preliminary data released yesterday by the Philippine...

Imports outpaced exports in January

Trade deficit continued to widen in January with imports growing in double-digits while exports growth was flat. Preliminary data released yesterday by the Philippine Statistics...

PHL posts largest annual trade deficit in 2017; factory output slumps

By Christine Joyce S. Castañeda and Jochebed B. Gonzales, Senior Researchers THE Philippines’ trade deficit hit a new record high in December as exports contracted for...

Gov’t cites benefits from removal of QR on rice imports

MAJORITY of Filipinos are expected to benefit from lower retail prices of rice should the agricultural tariffication law be amended, the National Economic and...

DBS estimates August imports declined 4.9% amid weak peso

By Melissa Luz T. Lopez, Senior Reporter IMPORTS likely contracted for the third straight month, with the decline expected to be sustained for the rest of...

NFA to impose penalty for delayed rice imports

THE National Food Authority (NFA) said it will penalize suppliers that fail to deliver rice imports on time. “Rice import suppliers who will not meet...

DA places garlic import permits under Secretary’s direct control

AGRICULTURE Secretary Emmanuel F. Piñol said he has placed the issue of sanitary and phytosanitary (SPS) permits for garlic importers under his control to...

NFA seeks tougher import permit regime for agriculture

THE NATIONAL Food Authority (NFA) and the Bureau of Customs (BoC) have agreed to strictly implement the anti-agricultural smuggling act, and crack down on...