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BOC, DOF co-hosts the Special Session on the Review of the PTFC, NTRS

Leadway Cargo Logistics Inc. • January 30, 2024
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Photo grabbed from Bureau of Customs' official Facebook page.

[NEWS]

The Bureau of Customs (BOC) and the Department of Finance (DOF) co-hosted the Special Session on the Review of the Philippine Trade Facilitation Committee (PTFC) Roadmap and the Proposed National Time Release Study (NTRS).

This collaborative effort focused on refining the PTFC Roadmap, specifically reviewing the action plan, allocating responsibilities, and finalizing a resolution for the creation of the Technical Working Group on National Time Release Study (TWG-NTRS).

“The role of the PTFC is highly critical in ensuring the effectiveness and general access of all our stakeholders to the trading system and the global market. It now becomes more evident that the realization of the objectives of the PTFC is highly dependent on how we implement and strategize the activities for our six Key Reform Areas: Stakeholder Engagement, Inter-agency Coordination, Technology Infrastructure, Legal and Regulatory Framework, Emergency Response Measures, and Support to MSMEs,” emphasized the Principal Representative of the Chairperson of the Committee, Finance Undersecretary Dakila Elteen M. Napao.

Deputy Commissioner Atty. Vener S. Baquiran, serving as the Chairperson of the BOC-Trade Facilitation Committee, delivered his welcome remarks, expressing the BOC's commitment to fostering collaboration and innovation in advancing trade facilitation within the Philippines.

Article taken from Bureau of Customs' official Facebook page .
January 30, 2024
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