Exporters urged to strengthen trade relations with India
Filipino exporters especially those engaged in food, machinery and electronic equipment are encouraged to boost trade with India as demand for those products is estimated at $56 million this year, according to Export Marketing Bureau assistant director Jhino Ilano......»»
‘Government should help exporters hurdle EU barriers’
The government must seek the removal of some trade barriers imposed by the European states to allow exporters to maximize the opportunities of the country’s prospective free trade agreement with Europe, an industry group said......»»
PH OKs revised Asean free trade pacts with ANZ, Hong Kong
MANILA — The Philippines, a founding member of Association of Southeast Asian Nations (Asean), has agreed to amend two important free trade agreements to benefit investors, traders, and exporters. The Department of Trade and Industry (DTI) announced on Thursday that it signed the Second Protocol to Amend the Agreement Establishing the Asean-Australia-New Zealand Free Trade.....»»
Exporters laud creation of customs consultative body
The Philippine Exporters Confederation Inc. has lauded the establishment of a consultative body composed of the Bureau of Customs and its industry partners aimed at providing a forum for addressing issues and concerns related to customs and industry matters......»»
‘High-level’ US trade mission to arrive in PH next week
MANILA, Philippines — The Department of Trade and Industry announced that a “high-level” US trade delegation is arriving next week to enhance “commercially meaningful partnerships.” According to DTI Foreign Trade Service Officer Jollan Llaneza, the delegation, led by US Commerce Secretary Gina Raimondo, will meet with President Ferdinand Marcos Jr. and Trade Secretary Alfredo Pascual......»»
Trade Minister heads to Abu Dhabi for key WTO negotiations
Trade Minister Todd McClay travels to Abu Dhabi in the United Arab Emirates for the 13th Ministerial Conference of the World Trade Organisation (WTO) today, to take up his role as Vice Chair of the negotiations.The Ministerial Conference is the highest decision-making body within the WTO and meets every two years. Trade ministers will negotiate the reform of agriculture trade rules, E-commerce, fisheries subsidi.....»»
EU-Philippines Partnership Conference puts spotlight on digitalization
The International Trade Centre, in collaboration with the Department of Trade and Industry and the European Union delegation to the Philippines, recently held the EU-Philippines Partnership Conference as part of the DTI’s prestigious Philippines National Exporters’ Week......»»
ADB appoints Mio Oka as country director for India, pledges continued support for development
New Delhi [India], February 6 (ANI): The Asian Development Bank (ADB) has appointed Mio Oka as its new Country Director for India, succeeding Takeo Konishi, who has been elevated to the position of ADB Director General for South Asia at the Manila headquarters. According to ADB, in her new role, Oka will spearhead ADB's operations in India, forging partnerships with the government and other development stakeholders. She w.....»»
Russia s trade with key BRICS partners now almost dollar-free
95% of the country's transactions with India and China were conducted in local currencies last year National currencies were used in 95% of Russia's trade with China and India last year, the secretary general of the International Chamber of Commerce (ICC), Tatiana Monaghan, revealed on Monday. According.....»»
'India taking rapid strides internationally': Rajnath Singh
Lucknow (Uttar Pradesh) [India], March 10 (ANI): Defence Minister Rajnath Singh on Sunday said that the world's leaders and people have a very positive perception of India adding that the country is taking rapid strides internationally. While addressing the 'Kayasth Parivar Abinandan programme,' in Lucknow, the Defence Minister said, "India is taking rapid strides internationally. You people would have gone to foreign cou.....»»
'India taking rapid strides internationally': Rajnath Singh
Lucknow (Uttar Pradesh) [India], March 10 (ANI): Defence Minister Rajnath Singh on Sunday said that the world's leaders and people have a very positive perception of India adding that the country is taking rapid strides internationally. While addressing the 'Kayasth Parivar Abinandan programme,' in Lucknow, the Defence Minister said, "India is taking rapid strides internationally. You people would have gone to foreign cou.....»»
NZ - UAE trade agreement consultation begins
Following a meeting with UAE Trade Minister Dr. Thani bin Ahmed Al Zeyoudi at the WTO Ministerial Conference in Abu Dhabi, Trade Minister Todd McClay has launched public consultation for a trade agreement between New Zealand and the United Arab Emirates (UAE). "The UAE is a top-20 export market for New Zealand, and our largest market in the Middle East, with exports increasing 17% i.....»»
Philippines, EU resume free trade agreement talks
MANILA, March 19 (Xinhua) -- The Philippines and the European Union (EU) resumed negotiations for a free trade agreement (FTA) on Monday, the Philippines' Department of Trade and Industry (DTI) announced Tuesday. "Strengthening economic engagement with the EU remains a priority for the Philippines," said Philippine Trade and Industry Secretary Alfredo Pascual, adding that the Philippines aims for an ambitious, b.....»»
NZ welcomes Australia and Brazil to agreements
New Zealand has welcomed Australia to the Inclusive Trade Action Group (ITAG) and Australia and Brazil to the Global Trade and Gender Arrangement (GTAGA) Minister for Trade Todd McClay says. As the current chair of ITAG and GTAGA, Minister McClay hosted the signing ceremony and issued the Abu Dhabi Joint Statement on Sustainable and Inclusive Trade with fellow ITAG Ministers from Australi.....»»
DTI, Go Negosyo strengthen MSME Development program
The Department of Trade and Industry (DTI) and Go Negosyo agreed to strengthen their collaboration to further develop the country’s MSMEs......»»
Philippines total external trade up 9.7 pct in February
MANILA, April 11 (Xinhua) -- The Philippines' total external trade in goods increased by 9.7 percent in February to 15.46 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Thursday. Of the total external trade in February, 61.8 percent were imported goods, while the rest were exported goods, the agency said. The PSA said the deficit of trade in goods amounted to 3.65 billion dollars,.....»»
Philippines external trade drops 2.1 pct in January
MANILA, March 12 (Xinhua) -- The Philippines' total external trade in goods declined 2.1 percent year-on-year in January to 16.09 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Tuesday. Of the total external trade in January, 63.1 percent were imported goods, while the rest were exported goods, the agency said. The PSA said trade deficit in January amounted to 4.22 billion dollars.....»»
Philippine calls for stronger action on climate change
Trade Secretary Alfredo Pascual has called for stronger sustainable trade and development initiatives to address climate change during the second ministerial meeting of the Coalition of Trade Ministers on Climate on the sidelines of the 13th World Trade Organization ministerial conference in Abu Dhabi, United Arab Emirates......»»
UNCTAD raises alarm over global trade disruptions
The United Nations Conference on Trade and Development is sounding the alarm about the increasing disruptions in global trade, attributed to escalating geopolitical tensions and the impact of climate change on vital trade routes around the world......»»
India, Philippines have seen very perceptible growth in recent times: Jaishankar
Manila [Philippines], March 26 (ANI): Hailing ties between India and the Philippines, External Affairs Minister S Jaishankar, who is on a visit to the Philippines on Tuesday, said that ties between Delhi and Manila have witnessed a very perceptible growth in recent times. Addressing a joint press briefing with Philippine Secretary of Foreign Affairs Enrique Manalo, Jaishankar said, "As you all know, India's ties with the.....»»
Philippines still interested in CPTPP membership
The Philippines is still interested in becoming a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as the membership is expected to create new relations with economies outside the country’s existing bilateral free trade deals, according to Trade Undersecretary Allan Gepty......»»