w
n
Monday, December 16, 2019 Vol. 15 No. 67
Rice import rules vs dummies, WTO told By Jasper Emmanuel Y. Arcalas
M
@jearcalas
There is a need to strengthen registration procedures for importers of planting materials and plant products, and specify the validity of the sanitary and phytosanitary import clearance.”—DA
ANILA has formally notified the World Trade Organization (WTO) of its amended rules on rice importation that seeks to limit the entry of the staple by weeding out unscrupulous and dummy players through stringent registration requirements.
in MO 28, institutionalizing additional requirements for interested rice importers in a bid to remove unscrupulous players.
The Philippines submitted a notification to the WTO Committee on Sanitary and Phytosanitary Measures on December 11, informing the body that it has implemented revised requirements for registration and renewal of importers of rice.
The order also requires importers to ship out their rice consignments from the country of origin within the prescribed date in their approved sanitary and phytosanitary import clearance (SPS-IC). Continued on A12
In its notification, the Philippines submitted Department of Agriculture (DA) Memorandum Order 28 which institutionalizes additional requirements for interested rice importers in a bid to remove unscrupulous players.
P25.00 nationwide | 5 sections 30 pages |
PHL TO GET BUSY WITH TRADE DEAL TALKS By Elijah Felice E. Rosales @alyasjah
T
HE government will have its hands full with free-trade agreement (FTA) negotiations next year, as it will begin one with the United Arab Emirates (UAE), as well, in a bid to secure cheaper oil. Trade Secretary Ramon M. Lopez said the Philippines and UAE will begin FTA negotiations next year in a bid to have a trade deal concluded before 2021. He argued it is but right to strike one with Abu Dhabi, as Manila can import oil from it, and export industrial and agricultural products in return.
“I got an idea [of a trade deal] because many of their products, they import. They produce nearly nothing except oil. By that, our products are complimentary: we import oil and then we export everything that they might need,” Lopez told reporters last week in Dubai. The Philippines and UAE are currently engaged in a joint economic cooperation, which is most likely the stepping stone toward heading into FTA discussions. In his high-level meeting with UAE trade officials and diplomats, Lopez opened up the possibility of a trade deal between the two parties, to which his counterparts agreed to. See “Trade deal,” A2
Ping vows to bring up pork issue with Duterte By Butch Fernandez
S
@butchfBM
EN. Panfilo Lacson, pursuing a tough stance against alleged pork-barrel funds inserted in the P4.1-trillion national budget for 2020, is set to elevate his crusade to Malacañang before President Duterte signs the annual money measure into law. See “Pork,” A2
THE SOUTH SHAKES, AGAIN The municipal hall of Magsaysay, Davao del Sur, is among the buildings left heavily damaged after a 6.9-magnitude quake rocked the province on Sunday, just eight weeks after the serial strong temblors in October shook large parts of Mindanao. Story on page A12. ANTHONY ALLADA
Despite FIRe disruptions, 210K jobs to be created By Samuel P. Medenilla
A
@sam_medenilla
T least 210,000 jobs are still expected to be generated in the country despite the job displacements caused by new technologies and work schemes from the so-called fourth industrial revolution (FIRe), according
PESO exchange rates n
to the Department of Labor and Employment (DOLE). Citing a 2018 study from Oxford Economics and Ciscp, Bureau of Local Employment (BLE) Director Dominique R. Tutay said this is the projected number of employment opportunities with the introduction of artificial intelligence (AI) in the country.
She said such net employment will come mainly in the following sectors: manufacturing; wholesale and retail; hotel and restaurants; finance and insurance; construction; transport; and the agriculture sector. “Greatest net increase in employment will come from the services and sales [sector],” Tutay said. See “Jobs,” A2
US 50.7330 n japan 0.4641 n UK 66.8255 n HK 6.5018 n CHINA 7.2187 n singapore 37.4607 n australia 35.0464 n EU 56.4861 n SAUDI ARABIA 13.5285
Source: BSP (13 December 2019 )