Categories: ASEAN News

Philippines pushes new scheme to facilitate trade within ASEAN

MANILA – The Asean member-states spearheaded by the Philippines has implement the Asean-Wide Self-Certification Scheme (AWSC) last September 20 to facilitate trade within the region.

The Department of Trade and Industry (DTI) sain in a statement that the AWSC aims to simplify the origin certification procedure for the claim and granting of lower duties or in most cases, tax free treatment within the Asean Trade in Goods Agreement (Atiga).

The Philippine exporters, for example, can apply for a certified exporter status with the Bureau of Customs (BOC). Once granted, they can issue their own origin declaration for importers to use when they claim for the Atiga preferential tariffs.

Trade Secretary Ramon Lopez said that they are confident that the new scheme will further improve trade and ease of doing for the Philippine companies.

The AWSC also aims to make it easier for micro, small and medium enterprises (MSME) to maximize the use of Atiga and greatly benefit for the Asean Free Trade Agreement (FTA).

DTI plans to disseminate the information through campaign to promote and encourage businesses to use the AWSC.

The new scheme is expected to greatly minimized burdens dealing with administrative compliance as well as decrease cost to the origin certification procedures. DTI expects this new scheme to increase the usage of the Atiga and further increase the competitiveness of the country’s export to the bloc.

Katherine S

1/4 German, 3/4 Malaysian. I write, follow and monitor closely political news happening in Malaysia, and other happening news in the ASEAN region. Newswriter for the best ASEAN news website - The Asian Affairs.

Recent Posts

China and UAE Celebrate 40 Years of Diplomatic Relations: All the Sectors for Partnership

Celebrating 40 years of diplomatic ties, China and the United Arab Emirates (UAE) are poised to fortify an alliance that…

November 2, 2024

What’s in Store for Squid Game Season 2: New Twists, International Adaptations, and a Bold Return to the Games

Fans of the worldwide sensation Squid Game have much to look forward to this December as the show's producer, Hwang…

November 2, 2024

TWICE Joins Coldplay’s ‘Music of the Spheres’ Tour for a Seoul Spectacle in 2025

Especially when it's the internationally known British rock band Coldplay linking up with K-pop phenomenon TWICE, few events match the…

November 2, 2024

China Caught in the Crossfire: Tensions Rise as North Korea and Russia Strengthen Alliance

Tucked on a 12-story structure in northeast China, visitors flock to get a rare view of the junction of their…

November 2, 2024

Could Westeros Dragons Soon Soar into the Big Screen? ‘Game of Thrones’ Film Reportedly in Early Development

HBO's Game of Thrones has created a void in the fantasy world of television that no other show has quite…

November 1, 2024

Preparing for U.S. Election Impact: Sen. Imee Marcos Urges Self-Reliant Defense Amid Uncertain Times

Head of the Senate Committee on Foreign Relations, Senator Imee Marcos underlined the need of the Philippines getting ready for…

November 1, 2024

This website uses cookies.

Read More