DTI launches FTA information campaign
by Mari Cruz
Baguio City (9 December) -- The Department of Trade and Industry (DTI), in partnership with the business sector, successfully launched here the Free Trade Agreement (FTA) Information Campaign for local businesses to take advantage of the opportunities available in Free Trade Areas(FTAs).
Dubbed as Doing Business in Free Trade Areas, the forum is designed to increase awareness and generate more business in the export market and inform exporters on how to sell their products to countries with whom the Philippines has FTAs.
"FTAs provide market access to products with zero tariffs. This campaign will engage our businessmen to explore the possibility of expanding their businesses in FTA markets," Trade and Industry Regional Director Myrna Pablo said during the opening of the session of Doing Business in Free Trade Areas at Hotel Elizabeth, Gibraltar Road, Baguio City last December 7.
Around 150 participants mostly from the business sector, Small and medium Enterprises (SME's), exporters, importers, were able to gain insights on how to sell their products to countries with whom the Philippines has FTAs with.
The Philippines has the following FTAs with ASEAN Free Trade Agreement (AFTA), Australia-New Zealand (AANZFTA), China (ACFTA), Japan (AJFTA/JPEPA), and Korea (AKFTA). These FTAs bring a number of trade benefits, primarily tariff elimination or reduction that make Philippine exports products more competitive.
The participants also learned how to apply for a Certificate of Origin (CO) that may be necessary in the availment of the FTA preferential tariff, procedures for doing business in FTAs, and tariff rates.
Among the topics during the briefing included practical sessions with the Bureau of Customs (BOC), the Tariff Commission, and the DTI's Bureaus of Export Trade Promotion and International Trade Relations.
The activity also featured success stories of businesses that have availed of FTA benefits. (PIA) [top]