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Published

BOC helps companies gain from low tariffs

Summary by The Manila Times
THE Bureau of Customs (BOC) has introduced new rules to help businesses benefit from reduced tariffs under the recently signed Philippines-Korea Free Trade Agreement (PH-KR FTA). President Ferdinand Marcos Jr. approved Executive Order 80, which lowers import duties on certain goods as part of the country's trade commitments with South Korea. The agreement, which took effect on Dec. 31, 2024, aims to strengthen economic ties and boost trade betwe…
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