Deal harmonizing Customs systems in Subic, Clark inked
Businesses in
SCADC chairman Edgardo Pamintuan said the agreement is in line with the plan of the government to open an economic corridor in order to make trade with the
In particular, he said the agreement will open trade linkages with
“The MOA and Joint Memorandum Order (JMO) will be harmonizing the Immigration, customs and quarantine (ICQ) procedures and policies to facilitate a smooth and seamless transfer of goods and people to and from
He further explained that with the implementation of harmonized ICQ procedures, goods from
In fact, SBMA administrator Armand C. Arreza said Taiwanese investors in
“Our locators, particularly the Taiwanese firms, believe that through the harmonized ICQ program in place, doing business in Subic and Clark will be truly at par with world-class standard,” Arreza said.
“Now, we will have an environment where investors can see that their goods are being handled on time and processed in a transparent manner,” he added.
The agreement is expected to boost the competitiveness of the two
For his part, BOC Commissioner Napoleon Morales said the new system will also be “our way of fighting corruption” as BOC offices in
Aside from the unified scheme, the signed agreement likewise provided for a National Single Window (NSW) program in
The NSW is a system that enables a single submission and synchronous processing of data and information, resulting in a single point of decision for the release of cargoes by the BOC.
A JMO on automated transit and admission declaration of cargo for
The JMO will facilitate the conduct of business by providing, through the NSW program, a more efficient, less costly, and fully automated system for merchandise that are admitted, transited and transferred into and between the
- Latest
- Trending