Archive for the ‘Philippines’ Category

The Philippines is reinforcing its position in the global sugar market by maintaining a stable domestic supply while expanding trade opportunities with the United States. The Sugar Regulatory Administration (SRA) confirmed that over 66,000 metric tons of sugar will be exported this April, demonstrating the country’s capability to meet both local demand and international commitments. […]

The Philippines is set to strengthen its presence in the global cacao trade as Switzerland expresses interest in sourcing high-quality cacao from Filipino farmers. With Switzerland’s renowned chocolate industry relying entirely on imported cacao, this presents a valuable opportunity for the Philippines to expand its agricultural exports.   Kent Marjun Primor, head of the economic […]

The Philippine pineapple industry is on an upward trajectory, with global exports reaching approximately USD 787.12 million in 2024—a 7.5% increase from the previous year, according to the Philippine Statistics Authority.   China remained the top destination, importing USD 183.43 million worth of pineapples and related products. The Department of Agriculture (DA) anticipates continued expansion, […]

The Philippine agricultural sector is currently facing challenges due to an influx of imported vegetables, prompting local farmers to seek increased government support to safeguard their livelihoods. The surge in imports has led to heightened competition, adversely affecting the domestic market and the income of local producers. Impact on Local Agriculture The entry of imported […]

The Philippine Department of Agriculture (DA) has initiated legal proceedings against JRA and Pearl Enterprises Inc. for allegedly importing fresh yellow onions valued at approximately PHP 2.37 million without the necessary permits. The Bureau of Plant Industry (BPI) filed a formal complaint with the Manila City Prosecutor’s Office, asserting that the company imported 25 metric […]

The Middle East is emerging as a promising market for Philippine beauty and personal care exports, with rising consumer spending creating new trade opportunities. Industry experts highlight Saudi Arabia as a key destination, driven by a stable economy, increasing tourism, and major infrastructure investments.   Recent market insights reveal steady growth in beauty product demand […]

The Philippines has made strategic moves to ensure the stability of its onion supply while fostering trade growth, with Agriculture Secretary Francisco Tiu Laurel Jr. authorizing the importation of 3,000 metric tons of red onions and 1,000 metric tons of white onions. These shipments, expected to arrive within the next two weeks, will help maintain […]

The United States Navy recently announced that defense forces from Australia, Japan, the Philippines, and the US will join forces for maritime activities within the Philippines’ exclusive economic zone on February 5. This joint initiative is focused on enhancing operational coordination and interoperability among the participating nations, reaffirming their commitment to regional maritime security.   […]

Automotive Industry, News, Philippines

December 19, 2024

The Philippine automotive parts industry is set to achieve remarkable milestones in 2024, with export revenues projected to reach $1.21 billion by year-end. This marks a robust contribution to the country’s international trade and reflects the growing demand for high-quality automotive components worldwide.   Looking ahead, forecasts indicate an increase in export performance, with revenues […]

The forthcoming trade agreement between the Philippines and South Korea is set to create new opportunities for the Philippine banana industry. Starting on January 1, 2025, the agreement will reduce tariffs on bananas, making the country’s exports more competitive in the South Korean market.   Trade Secretary Ma. Cristina Roque highlighted the potential benefits during […]

Agricultural Imports, News, Philippines

December 18, 2024

The Philippines is poised to reach a record-breaking 4.7 million metric tons (MMT) in rice imports by the end of 2024, showcasing its active engagement in international trade and efforts to ensure food security. Recent data from the Bureau of Plant Industry (BPI) highlights this achievement, with shipments from January 1 to December 12 already […]

The National Economic and Development Authority Board has approved the implementation of the free trade agreement between the Philippines and Korea, marking a significant milestone in enhancing economic collaboration and trade relations. This agreement aims to reduce market barriers, foster investment opportunities, and provide expanded access to goods and services between the two countries.   […]

In a positive step for international trade, Japanese strawberries are set to return to the Philippine market following the successful lifting of an export ban. This decision, achieved through collaborative efforts between Japan and the Philippines, highlights the strengthening trade partnership between the two nations.   The Ministry of Agriculture, Forestry, and Fisheries (MAFF) of […]

Agricultural Exports, News, Philippines

December 16, 2024

In an exciting step for Philippine trade, the Department of Agriculture (DA) and the Department of Trade and Industry (DTI) have forged a partnership to unlock the global potential of the country’s agricultural exports.   A Memorandum of Agreement (MoA) between the two departments outlines a shared commitment to boosting export sales of key commodities […]

The Philippines is taking significant strides to enhance its global trade position, with a particular focus on the agriculture and fisheries sector. The Department of Trade and Industry (DTI) and the Department of Agriculture (DA) have joined forces to implement strategic initiatives that will boost exports and strengthen the country’s economic standing.   By streamlining […]

In a significant development for international trade, the Philippines has garnered approximately $5 billion in investment pledges from German and American companies this week. These commitments, spanning diverse sectors such as healthcare and energy, signal a substantial step forward for the country as it vies for foreign capital in the global market.   During President […]