Panel eyes faster farm imports unloading

Quick Summary:

TO manage high commodity prices in the country, the government is looking to expedite the unloading of imported agricultural products, fast-tracking the release of subsidies to various sectors and addressing exporting delays.

Moreover, the government is looking into using the Philippine Identification System (PhilSys) as a registration and validation system to distribute subsidies efficiently.

To mitigate delays and added costs affecting exporters, the DTI will collaborate with the DOF and the BOC in assessing the possible exemption of Philippine exporters from the Electronic Tracking of Containerized Cargo (E-TRACC) system.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Unloading Rice Subsidies Looking Development Economic Prices Government Department Inflation System

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-30 @ 16:20:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21428683

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 38 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 8 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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