By Philstar
The Bureau of Customs (BOC) has established an advisory council that aims to address trade bottlenecks and enhance trade facilitation among importers and business groups amid a changing global environment.
BOC Commissioner Bienvenido Rubio has issued a memorandum order creating the Customs Industry Consultative and Advisory Council (CICAC) to facilitate regular consultations between the government and its stakeholders.
The consultative body between BOC and the business-industrial sector targets to address existing and potential issues.
Right now, prices of commodities in the world market remain high due to still elevated interest rates, exacerbated by geopolitical tensions in several countries.
There are also supply woes amid export bans.
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