Monday, October 22, 2018
  • share this

Gov’t to debut online trade platform in Dec to initially cover rice, six other commonly traded goods
/ 05:11 AM October 17, 2017

The government is rolling out in December a new online trade facilitation platform meant to cut down processing time for shipment permits, according to the Department of Finance.

According to Finance Undersecretary Gil Beltran, the platform dubbed will initially cover rice and six other commonly traded goods that represent half of the Philippines’ total trade volume.


Beltran said the platform would also function as the Philippines’ National Single Window (NSW) system, which will allow traders to use the system to apply for import and export permits for rice; sugar; used motor vehicles; chemicals such as toluene; frozen meat; medicines for humans, animals or fish; and cured tobacco.

16 agencies


The NSW will be interconnected also by December to the Asean (Association of Southeast Asian Nations) Single Window, a regional initiative intended to help speed up cargo clearances and promote economic integration by enabling the electronic exchange of border documents among the 10 member-states.

Asean groups the Philippines, Indonesia, Malaysia, Thailand, Singapore, Brunei, Cambodia, Laos, Myanmar, and Vietnam.

“The initial deployment will allow traders to use the system for the first seven commodities that represent fifty percent of the total trade volume of the Philippines,” Beltran said in a report to Finance Secretary Carlos Dominguez III.

Beltran said 16 agencies involved in the processing of permits for the import and export of these first seven commodities would have to be connected online to TradeNet by December.

Trade facilitation

These include the Bureau of Animal Industry, National Tobacco Administration, Fair Trade and Enforcement Bureau, National Food Authority, Bureau of Plant Industry, Food and Drugs Administration, National Meat Inspection Service, Bureau of Internal Revenue, and Bureau of Customs.

Beltran added that other goods would also be progressively placed onboard the TradeNet as other regulatory agencies involved in trade facilitation get engaged in the system.


He said that, as the vehicle for the NSW, TradeNet was expected “to shorten the processing time of import/export clearances, reduce the number of transactions and required documents to be submitted, and remove bureaucratic red tape that has plagued businesses and citizens when dealing with the government.”

He also said TradeNet was expected to link up 66 agencies and 10 economic zones involved in approving import and export permits and other trading requirements.

Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, Department of Finance
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2018 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.