April 2021 | International Law Alerts | Trade and Investment

 

The World Trade Organization (WTO) said on Wednesday global trade was primed for a strong but uneven recovery, forecasting an increase of 8 percent in world merchandise trade this year

The thriving dairy industry in Region 12 (Soccsksargen) has received a major boost with the delivery here on Monday night of some 1,285 dairy goats from Australia.

The chairman of the House Ways and Means Committee on Thursday urged President Rodrigo Duterte to reconsider his decision to temporarily reduce import duties on pork as the government stands to lose PHP1.9 billion in revenues, which could be used to develop the local industry instead

Asean+3 Macroeconomic Research Office (AMRO) Chief Economist Dr. Hoe Ee Khor said the Asean+3 region will remain a highly attractive location for global value chains (GVC) investment during the post-pandemic era.

The Philippine Association of Meat Processors Inc. (PAMPI) on Thursday welcomed President Rodrigo Duterte’s decision to reduce import duties of pork for the next 12 months.

Department of Energy (DOE) Secretary Alfonso Cusi has urged American companies to look into opportunities in the Philippine energy sector.

The Philippines remains an ideal investment destination as investors and businesses continue to look at the country to grow their businesses despite the pandemic.

The Department of Trade and Industry – Export Marketing Bureau (DTI-EMB) advises Philippine exporters and would-be exporters to Mexico to follow the new guidelines in product labeling on food products high in sugar, fat, salt, or calories which took effect on 01 April 2021.

Department of Environment and Natural Resources (DENR) Secretary Roy A. Cimatu is urging local government units (LGUs) to pursue investments in the Risk Resiliency Program (RRP) to boost the country’s preparedness in mitigating the impact of climate change.

The Bureau of Customs in Northern Mindanao (BOC-10) said Wednesday it plans to restore the previous status of the port here as an international containerized shipment facility.

Department of Trade and Industry (DTI) Secretary Ramon Lopez discussed with six Japanese foreign direct investors the opportunities to expand their wiring harness operations under the new Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.

Top-ranking Taiwanese executives with extensive business and manufacturing operations in the Philippines expressed their strong confidence in continuing to choose and “Make It Happen” in the Philippines to further grow their businesses during the recently-concluded (15 April 2021) Philippine Investment Forum in Taipei.

The convening of the second Philippines – Australia Trade, Investment, and Industry Dialogue (PATIID) on 20 April 2021 marked the reactivation of the economic bilateral cooperation mechanism after a six-year hiatus. The Dialogue was also held as part of a series of events to commemorate the 75th anniversary of Philippines– Australia diplomatic relations.

A new joint memorandum circular (JMC) of the Anti-Red Tape Authority (ARTA), Department of the Interior and Local Government (DILG), and Department of Finance (DOF) is directing all local government units (LGUs) to stop collecting fees and taxes from vehicles transporting goods