GTDW FDI Trade & Supply Chain Digitalisation News
Mar 9, 20201 min
In line with the government’s thrust of enhancing #customsprocedures towards efficient and world-class #tradefaciliation the National Economic and Development Authority (NEDA) - Philippines Investment Coordination Committee (ICC), during its meeting last March 6, 2020, has approved the Philippine #customsmodernization Project of the Bureau of Customs (BOC) and recommended for its final approval by the NEDA Board chaired by President Rodrigo Duterte.
The #PhilippineModernizationProject will be partly financed by The World Bank . The project cost is Php 5.44 billion, with 84.58% to be financed through Official Development Assistance (ODA) loan, while the remaining 15.42% will be financed through local funds.
With the full automation of the BOC’s core processes, trade facilitation will vastly improve, #revenuecollection will increase, and processing time and #tradecosts will significantly be reduced.
--------------------------
Join us at GTDW China, 16 - 18 June 2020, Shanghai for high level discussions around #customs #tradetech #customsmodernization #singlewindow #paperlesstrade #digitalization #standardization #ICT #gtdwchina #globaltrade #trade #authentication #digitalization #standards #worldbank
Website: www.kwglobaltrade.com
Agenda: http://bit.ly/38wKS4x