BOC, Rubio cited for driving investments by way of quicker commerce system

DTI Secretary Ma. Cristina Roque (second from left) congratulates BOC Commissioner Bienvenido Rubio (third from left) upon receiving the Gawad Bayanihan sa Pamumuhunan Award. Wanting on (left) is DILG Secretary Jonvic Remulla. (Photograph courtesy of BOC)

MANILA, Philippines — The Bureau of Customs (BOC) and Commissioner Bienvenido Rubio have been conferred the Gawad Bayanihan sa Pamumuhunan award for making a extra seamless customs course of, boosting the nation’s attractiveness to buyers.

The BOC group was cited, particularly, for its excellent efforts in enhancing commerce effectivity, chopping processing occasions, and supporting strategic investments underneath Govt Order No. 18 (EO 18) on Inexperienced Lanes.

The Division of Commerce and Trade – Board of Investments (DTI-BOI) conferred the award Thursday throughout a ceremony at Malacañang Palace. With the theme “Making it Occur with a Entire-of-Nation Technique,” the occasion acknowledged authorities companies and native authorities models which have actively fostered a business-friendly surroundings.

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President Ferdinand Marcos, Jr. counseled the awardees for his or her function in enhancing funding facilitation. “This award is a name to remain the course and be certain that the progress we have now begun continues to construct momentum,” he mentioned, encouraging companies to align their objectives with the nation’s financial priorities.

The BOC was acknowledged for its proactive reforms in 2024, which included institutionalizing the Customs Trade Consultative and Advisory Council (CICAC) to enhance collaboration with stakeholders, increasing the Approved Financial Operator (AEO) Program to accredit trusted merchants, and launching the ATA Carnet system for duty-free non permanent imports.

Moreover, the company issued preferential tariff pointers underneath the Philippines-Korea Free Commerce Settlement (PH-KR FTA) to maximise commerce advantages.

These initiatives considerably enhanced commerce safety, decreased bottlenecks, and created a extra aggressive funding panorama, reinforcing the Philippines’ place as a key participant in regional and world commerce.

Commissioner Rubio expressed his gratitude for the popularity, stating, “This award reaffirms our dedication to modernizing customs processes and guaranteeing that strategic investments proceed to thrive within the nation. We are going to preserve pushing for reforms that promote seamless commerce and financial development.”