PEZA, BOC ink MOA on rules covering ecozone locators

The Bureau of Customs (BOC) and the Philippine Export Zone Authority (PEZA) signed yesterday a memorandum of agreement (MOA) simplifying the rules and regulations, systems, requirements and procedures governing import and export transactions of economic zone locators.

With the signing of the MOA, the BOC and PEZA, with the cooperation of the Export Development Council, will now start implementing an Automated Export Declaration System or AEDS.

The AEDs was successfully pilot-tested in one export producer at the Gateway Business Park in General Trias, Cavite, and has been used for other export producers in other ecozones, but only for electronic and semiconductor shipment going through the port of Ninoy Aquino International Airport.

Willie Ortaliz, PEZA deputy director-general said the AEDS has been initially limited to electronics and semiconductor because they are the "less risky products of leakage to the domestic market."

Eventually, the BOC and PEZA hope to implement the AEDS for other export products.

In the meantime, the BOC and PEZA want to use the AEDS for export producers of electronics and semiconductor products in the Mactan and Cebu ecozones. – Marianne Go