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NZ-EU FTA gains Royal Assent for 1 May entry to force

The European Union Free Trade Agreement Legislation Amendment Bill received Royal Assent today, completing the process for New Zealand's ratification of its free trade agreement with the European Union.   "I am pleased to announce that today, in a small ceremony at the Beehive, New Zealand notified the European Union of our ratification of the New Zealand European Union Free Trade Agreement (NZ-EUFTA)......»»

Category: newsSource:  inquirerRelated NewsMar 25th, 2024

Malaysia holds historic biz market footprint in city

CONSIDERING the business climate and unique geographic position of Davao City, the Malaysia External Trade Development Corporation (Matrade) under the trade promotion agency of the Ministry of Investment, Trade and Industry (MITI) has set a historic business market footprint in the city through the Market Immersion Mission, making Davao one of their smart cities in the country, alongside the Philippine’s capital region, Manila......»»

Category: newsSource:  sunstarRelated NewsMar 12th, 2024

British chamber remains optimistic on UK-Philippines trade growth

With the total trade in goods and services reaching an all-time high of £3.0 billion, BCCP Executive Director/Trustee Chris Nelson expressed optimism on the positive growth trajectory of the UK and the Philippines’ bilateral trade......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 2024

BOC creates body to solve trade woes

The Bureau of Customs has established an advisory council that aims to address trade bottlenecks and enhance trade facilitation among importers and business groups amid a changing global environment......»»

Category: financeSource:  philstarRelated NewsFeb 10th, 2024

French Farmers Protest Unfair Competition in EU Free-Trade Agreements

French Farmers Protest Against Unfair Trade Agreements Imposed by EU French farming unions have taken to the streets to protest against free-trade agreements imposed by.....»»

Category: sportsSource:  abscbnRelated NewsFeb 1st, 2024

Trade deficit narrows to $4 billion in December

The country’s trade deficit narrowed in December as both exports and imports declined, bringing the full-year 2023 trade gap to $52.42 billion, down from the previous year’s shortfall of $57.65 billion, the Philippine Statistics Authority said......»»

Category: financeSource:  philstarRelated NewsJan 26th, 2024

Philippines eyes $3.82 million sales from German trade fair

The Philippines is targeting to generate $3.82 million in sales from its participation in an international consumer goods trade fair in Germany, according to the export promotions arm of the Department of Trade and Industry......»»

Category: newsSource:  philstarRelated NewsJan 14th, 2024

Packaging trade show to support MSME development efforts – DTI

The Regional Operations Group of the Department of Trade and Industry expressed support for the upcoming ProPak Philippines trade show, emphasizing its potential to offer opportunities for innovation and improvement in product processing and packaging to micro, small and medium enterprises......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024

Philippines total external trade drops by 5.4 pct in November

MANILA, Jan. 10 (Xinhua) -- The Philippines' total external trade in goods declined by 5.4 percent in November 2023 to 16.95 billion U.S. dollars from 17.92 billion dollars in November 2022, the Philippine Statistics Authority (PSA) said Wednesday. Of the total external trade in November 2023, 63.8 percent were imported goods, while the remaining were exported goods, the PSA said. The PSA said the balance.....»»

Category: newsSource:  manilanewsRelated NewsJan 12th, 2024

Norway sees stronger economic ties with Philippines

Norway expects trade with the Philippines to continue to rise, supported by an existing free trade agreements (FTAs) and the growing market that will encourage more Norwegian firms to do business in the country......»»

Category: financeSource:  philstarRelated NewsApr 28th, 2024

Thai gov t launches Bangkok RHVAC 2024, Bangkok E& E 2024 in Manila

With the Philippines poised as Asia's future economic powerhouse, the Thai Trade Center in Manila, under Thailand's Department of International Trade Promotion (DITP) within the Ministry of Commerce, is gearing up to launch an exciting business event......»»

Category: financeSource:  philstarRelated NewsApr 4th, 2024

European businesses welcome restart of FTA talks

European businesses welcomed the restart of talks between the Philippines and the European Union for a free trade agreement, as they emphasized the importance of trade deals in promoting economic growth and stronger ties......»»

Category: newsSource:  philstarRelated NewsMar 19th, 2024

Domestic trade expected to improve this year

Domestic trade is seen improving this year on expectations of strong economic activity and continued slowdown in inflation, according to economists......»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2024

Russia boosting trade with fellow BRICS nation

Turnover with Brazil nearly doubled in December as the South American country ramps up imports of commodities from Moscow Trade between Russia and Brazil surged to record volumes in December despite Western sanctions as fellow BRICS countries continue expanding economic ties, RIA Novosti reported this week.  .....»»

Category: newsSource:  philippinetimesRelated NewsJan 14th, 2024

PCCI cites economic benefits from Philippines-EU FTA

The country’s largest business organization welcomed the announcement of the resumption of the free trade agreement negotiations between the Philippines and the European Union as it expects the deal to bring economic benefits for both parties......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2024

Philippines eyes stronger cooperation, economic ties with Germany

The Philippines and Germany are looking to step up cooperation in areas like minerals processing and investment financing to boost economic ties, according to the Department of Trade and Industry......»»

Category: newsSource:  philstarRelated NewsApr 3rd, 2024

Analysts paint rosier economic picture for 2024

The country’s strong economic growth is likely to be sustained this year on the back of rising exports and robust private consumption, according to the Department of Trade and Industry as well as private banks......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

SC upholds Philippines-Japan economic pact

The Supreme Court has upheld the constitutionality of the Japan-Philippines Economic Partnership Agreement, a bilateral trade and investment deal entered into by the two countries during the Arroyo administration and ratified by the Senate in 2008......»»

Category: newsSource:  philstarRelated NewsJan 25th, 2024

BPO workers in economic zones must work on-site, says DOJ

Business process outsourcing firms (BPOs) within special economic zones that adopt work-from-home (WFH) arrangements for their employees are no longer entitled to tax incentives, according to the Department of Justice (DOJ). In a legal opinion dated Jan. 3, Justice Secretary Jesus Crispin Remulla contradicted the position taken by the Department of Trade and Industry (DTI),.....»»

Category: newsSource:  inquirerRelated NewsJan 22nd, 2024

Philippines urges speedy PJEPA review

The Philippines is wants a faster conclusion of the ongoing general review of the Philippines-Japan Economic Partnership Agreement, even as it continues to push for improved market access for some of its products, according to an official of the Department of Trade and Industry......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024