^

Business

EDC seeks EO on global customs rules

-

MANILA, Philippines - The Export Development Council (EDC) is working with the National Competitiveness Council (NCC) to ask President Aquino to sign an executive order for the country to start complying with simplified rules on customs administration.

The decision was made after former Customs Commissioner Guillermo Parayno pointed out to other members of the EDC committee on the simplification of trade procedures that in its latest global ratings, the Philippines was adjudged with the worst customs procedures in Southeast Asia, behind Laos and Cambodia.

“It is a national shame that has to be corrected soonest,” Parayano urged.

The Philippines ranks number 128th in the list of countries evaluated on the ease of customs procedures worldwide. This was in the league of the poorest countries in Sub-Saharan Africa, far below the rankings of dynamic economies in East Asia.

The fastest way the country can correct its cumbersome customs practices is to start complying with the provisions of the Revised Kyoto Convention (RKC) which contains the simplified and harmonized global rules on customs administration.

It was pointed out by Parayno that the Senate-approved Articles of Accession to the RKC was formally deposited to the headquarters of the World Customs Organization in Brussels on February 9, 2010. The Philippines has a little over a year left to align its local laws to the global customs rules and then actually practice those rules.

ARTICLES OF ACCESSION

CUSTOMS

CUSTOMS COMMISSIONER GUILLERMO PARAYNO

EAST ASIA

EXPORT DEVELOPMENT COUNCIL

LAOS AND CAMBODIA

NATIONAL COMPETITIVENESS COUNCIL

PRESIDENT AQUINO

REVISED KYOTO CONVENTION

SOUTHEAST ASIA

SUB-SAHARAN AFRICA

  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with