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World’s biggest free-trade zone close to deal

FIFTEEN Asia-Pacific nations including China aim to clinch the world’s largest free-trade agreement this weekend, the culmination of Beijing’s decade-long quest for greater economic integration with a region that encompasses nearly a third of the global gross domestic product.

Biden’s trade policy will take aim at China, embrace allies

WASHINGTON — President-elect Joseph R. Biden has pledged to work more closely with US allies in confronting China on trade, and is seen as...

Philippines’ trade recovery continues to lag

PHILIPPINE EXPORTS likely fell by 8.7% in the third quarter, the United Nations Conference on Trade and Development (UNCTAD) said, as lockdown restrictions continue to weigh on recovery.

Global trade seen recovering faster now than after Lehman crisis

Global trade is on course to recover more quickly from the coronavirus pandemic than after the 2008 financial crisis, according to Germany’s Kiel Institute...

Domestic trade of goods plunges in Q1 — PSA

DOMESTIC TRADE sharply fell in the first quarter, the Philippine Statistics Authority (PSA) reported.

External trade continues slump in June as coronavirus pandemic drags on

THE COUNTRY’S exports and imports continued to plunge, albeit at a slower pace in June, the Philippine Statistics Authority (PSA) reported on Wednesday.

Manila FAME 2020 trade show canceled in favor of digital

THE Department of Trade and Industry’s export promotion arm is cancelling the 71st Manila FAME trade show as it shifts to digital promotion activities.

PHL trade may benefit from easing restrictions

PHILIPPINE TRADE is seen to gradually benefit from easing restrictions from the world’s largest economies, after steep declines in global trade were somewhat tempered by government responses to contain the pandemic.

DTI says price freeze covers virtual vendors, individual sellers

THE DEPARTMENT of Trade and Industry (DTI) said virtual vendors and individual sellers are included in the 60-day price freeze imposed by the government.

Philippines joins ASEAN Single Window

THE PHILIPPINES has officially joined the ASEAN Single Window (ASW) and went live last Dec. 30 via its three pilot ports, the Department of Finance (DoF) said.

DTI assists more than 100,000 micro-entrepreneurs via P3 program

THE DEPARTMENT of Trade and Industry (DTI) has assisted over 110,000 micro-entrepreneurs after releasing P5.1 billion worth of loans through its Pondo sa Pagbabago at Pag-asenso (P3) program.

Industrial Transformation ASIA-PACIFIC 2019 set on Oct. 22 to 24 in...

SingEx Exhibitions and international partner Deutsche Messe present the second edition of Industrial Transformation ASIA-PACIFIC (ITAP), a HANNOVER MESSE event, on Oct. 22 to...

PHL balance of payments position reverts to surplus in Q2

THE country’s balance of payments (BoP) — which shows the Philippines’ economic transactions with the world for a certain time frame — reverted to a surplus in the second quarter, on the back of the narrowing of the current account deficit in the period, as well as continued net inflows in the financial account.

How logistics keeps the world turning

If business and enterprise is the beating heart of an economy, then logistics is the lifeblood. Just as blood transports nutrients to different parts...

Connecting countries with improved logistics

In today’s modern world, international trade contributes significantly to the growth of the global economy that promotes progress and prosperity across countries, down to...

Dependable cargo carriers

Trucks, either large or small, are probably the most reliable vehicles in moving large quantities of cargoes across countries and towns. They can go...

Fostering a flourishing port sector

Ports continue to serve as an important component of trade and transport in the country, constantly contributing to the progress of the Philippine economy....

Agriculture trade deficit widens in Q1

THE trade deficit in agriculture commodities widened in the first quarter, the Philippine Statistics Authority (PSA) said.

Duterte to woo Thai businessmen at ASEAN Summit

PRESIDENT Rodrigo R. Duterte is set to meet with Thai business leaders on the sidelines of the 34th Association of Southeast Asian Nations (ASEAN) Summit in Bangkok and invite them to do business in the Philippines, Trade Secretary Ramon M. Lopez said on Friday.

US-China tensions to push ASEAN to fast-track RCEP

THE TRADE WAR between the United States and China will compel member-states of the Association of Southeast Asian Nations (ASEAN) to fast-track negotiations on the Regional Comprehensive Economic Partnership (RCEP) in order to “isolate” the region from the impact of the tensions, Trade Secretary Ramon M. Lopez said on Friday.

Israeli envoy explores cooperation opportunities in tech, agri during Iloilo visit

ILOILO CITY — Israeli Ambassador to the Philippines Rafael Harpaz visited Iloilo earlier this week to explore cooperation opportunities in line with its goal to strengthen ties with the Philippine through local partnerships in the regions.

A thriving investment hub

Serving as the center of commerce, trade, tourism, and finance in the Southern Philippines, the city of Davao positions itself as one of the country's...

A long history of Philippine customs excellence

Even as the Bureau of Customs celebrates its 117th year anniversary today, its task of overseeing trade in the country dates back to even...

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.

Global trade and the Philippine economy

Much talk has been made recently about rising trade tensions putting a hamper on global economic growth among businessmen and financial experts. Releasing a...

At the crossroads

The ongoing trade tension between the United States (US) and China — the world’s two largest economies — continues to intensify as they wrangle...

ASEAN leaders to push for ‘early conclusion’ of RCEP talks —...

THE Department of Foreign Affairs (DFA) on Friday said the leaders of the Association of Southeast Asian Nations (ASEAN) will push for the “early conclusion” of negotiations on the Regional Comprehensive Economic Partnership (RCEP) during the 33rd ASEAN Summit and Related Summits in Singapore from Nov. 13 to 15.

IFAD to invest $63.5 million in agricultural enterprises

THE International Fund for Agricultural Development (IFAD) will invest $63.5 million to support agriculture-based micro and small enterprises in 20 provinces across Eastern Visayas and Mindanao.

The drivers of change in global logistics

As an industry mostly concerned with speed, global logistics, which comprises of a wide range of business from container shipping, courier companies, port operators,...

Trade gap widens on import surge

By Carmina Angelica V. Olano, Researcher FLAT merchandise export sales and inbound foreign goods’ continued surge caused the country’s trade gap to widen further in...

DTI invites PACC to help craft EoDB Act’s implementing rules

THE Department of Trade and Industry (DTI) has urged the Philippine Anti-Corruption Commission (PACC) to take part in the crafting of the Ease of Doing Business law’s implementing rules and regulations (IRR) after the former criticized the “delay” in its completion.

Philippines, Israel forge agreements on labor, science, and trade

By Arjay L. Balinbin, Reporter The Philippines and the State of Israel on Monday, Sept. 3, signed bilateral agreements on labor, science, and trade, Malacañang...

Government outlines target bilateral deals with Israel and Jordan

President Rodrigo R. Duterte is expected to sign agreements on labor, defense, trade and investment, and other bilateral deals with the governments of Israel...

US-Mexico trade talks progressing but no breakthrough with China

Washington, United States -- US officials holding a two-front battle in President Donald Trump's bid to revise major trade ties made progress with Mexican...

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...

What’s next in the trade war? Key US-China events to watch...

China and the US resume trade talks this week, ending the hiatus after an earlier deal collapsed in May. Fresh rounds of tariffs on each...

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, unsure of how to handle Trump, braces for ‘new Cold...

Perhaps nowhere outside America’s heartland is Donald Trump given more credit than in Beijing. In government offices and think tanks, universities and state-run newsrooms, there...

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...

China prepared for long trade war with US, state media says

After a weekend of claims by U.S. President Donald Trump that he has the upper hand in the trade war with China, Beijing responded...

Trade dep’t asks PCC to look into ‘excessive’ fees by foreign...

The Department of Trade and Industry has requested the Philippine Competition Commission (PCC) to look into "excessive" charges imposed by foreign shipping lines to...

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....

Philippines’ top trade partners for exports (May 2018)

By Mark T. Amoguis, Researcher The United States was the top market of Philippine-made products in May, contributing $840.15 million to total exports. It was...

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...