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  • Trade Policy

    Enviado por

    Vanessa Canoza
    32 visualizações3 páginas
    It is about trade policy and economics, taxable goods from imports and exports towards customs. A new WTO report on the trade policies of the Philippines concludes that this provides a generally good example of the advantages of structural reform in MANILA, Philippines - Trade policy reviews are mandated in World Trade Organization (WTO) Agreements. All WTO members, including the Philippines, are reviewed, taking into account their shares of world trade. The 4th WTO Trade Policy Review of the Philippines, released in March 21, 2012, by the WTO Secretariat, said that the Philippines, since its review in 2005, has instituted reforms to facilitate trade and improve the business environment such as automating Customs procedures, moving toward a national single window and streamlining the registration of business names. For six years in 2005-2011, the Philippines had an annual Gross Domestic Product (GDP) growth rate of 5 percent, moderate inflation, and surplus in its external account due to high remittances inflows. Philippine growth, the report noted, "has been broad-based across private consumption, investment and exports, and was helped by fiscal stimulus implemented in 2008 and 2011 in response to the global economic crisis." While the Philippine economy has been described as "performing well" due to its open trade regime, WTO observed, it continues to be beset by key constraints to growth. WTO recommended that the country improve its productivity to enable it to compete with neighboring economies, improve its human capital, eliminate limitations on foreign investment, and reduce incentives and reform state-owned institutions. It advised the country to diversify its trade, noting its heavy reliance on manufactured goods. It cited Public-Private Partnership program as attracting investments in major infrastructure projects. It regarded the roll-on, roll-off ports as major infrastructure success. The report also cited the Philippine banking system for being resilient in the face of the global financial crisis as major banks remain well-capitalized and liquid. It acknowledged the tourism sector as vital to socio-economic development, boosted by government's goal of doubling tourist arrivals by 2016. The WTO cited the Philippine commitment to enhanced economic integration among members of the Association of Southeast Asian Nations, including removing obstacles to trade and improving trade facilitation. The Philippines continues to negotiate regional trade agreements, now totalling 15, including its first bilateral free-trade area agreement with Japan. World Trade Organization, the international body that supervises 95 percent of global trade, was founded in January 1, 1995, by members of its predecessor, the General Agreement on Tariffs and Trade. World Trade Organization Agreements provide the legal ground-rules for international trade and commerce. Its goal is to help producers, exporters, and importers worldwide and bring them under one roof. MABUHAY!

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    It is about trade policy and economics, taxable goods from imports and exports towards customs. A new WTO report on the trade policies of the Philippines concludes that this provides a generally good example of the advantages of structural reform in MANILA, Philippines - Trade policy reviews are mandated in World Trade Organization (WTO) Agreements. All WTO members, including the Philippines, are reviewed, taking into account their shares of world trade. The 4th WTO Trade Policy Review of the Philippines, released in March 21, 2012, by the WTO Secretariat, said that the Philippines, since its review in 2005, has instituted reforms to facilitate trade and improve the business environment such as automating Customs procedures, moving toward a national single window and streamlining the registration of business names. For six years in 2005-2011, the Philippines had an annual Gross Domestic Product (GDP) growth rate of 5 percent, moderate inflation, and surplus in its external account due to high remittances inflows. Philippine growth, the report noted, "has been broad-based across private consumption, investment and exports, and was helped by fiscal stimulus implemented in 2008 and 2011 in response to the global economic crisis." While the Philippine economy has been described as "performing well" due to its open trade regime, WTO observed, it continues to be beset by key constraints to growth. WTO recommended that the country improve its productivity to enable it to compete with neighboring economies, improve its human capital, eliminate limitations on foreign investment, and reduce incentives and reform state-owned institutions. It advised the country to diversify its trade, noting its heavy reliance on manufactured goods. It cited Public-Private Partnership program as attracting investments in major infrastructure projects. It regarded the roll-on, roll-off ports as major infrastructure success. The report also cited the Philippine banking system for being resilient in the face of the global financial crisis as major banks remain well-capitalized and liquid. It acknowledged the tourism sector as vital to socio-economic development, boosted by government's goal of doubling tourist arrivals by 2016. The WTO cited the Philippine commitment to enhanced economic integration among members of the Association of Southeast Asian Nations, including removing obstacles to trade and improving trade facilitation. The Philippines continues to negotiate regional trade agreements, now totalling 15, including its first bilateral free-trade area agreement with Japan. World Trade Organization, the international body that supervises 95 percent of global trade, was founded in January 1, 1995, by members of its predecessor, the General Agreement on Tariffs and Trade. World Trade Organization Agreements provide the legal ground-rules for international trade and commerce. Its goal is to help producers, exporters, and importers worldwide and bring them under one roof. MABUHAY!

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    © All Rights Reserved
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    32 visualizações3 páginas

    Trade Policy

    Enviado por

    Vanessa Canoza
    It is about trade policy and economics, taxable goods from imports and exports towards customs. A new WTO report on the trade policies of the Philippines concludes that this provides a generally good example of the advantages of structural reform in MANILA, Philippines - Trade policy reviews are mandated in World Trade Organization (WTO) Agreements. All WTO members, including the Philippines, are reviewed, taking into account their shares of world trade. The 4th WTO Trade Policy Review of the Philippines, released in March 21, 2012, by the WTO Secretariat, said that the Philippines, since its review in 2005, has instituted reforms to facilitate trade and improve the business environment such as automating Customs procedures, moving toward a national single window and streamlining the registration of business names. For six years in 2005-2011, the Philippines had an annual Gross Domestic Product (GDP) growth rate of 5 percent, moderate inflation, and surplus in its external account due to high remittances inflows. Philippine growth, the report noted, "has been broad-based across private consumption, investment and exports, and was helped by fiscal stimulus implemented in 2008 and 2011 in response to the global economic crisis." While the Philippine economy has been described as "performing well" due to its open trade regime, WTO observed, it continues to be beset by key constraints to growth. WTO recommended that the country improve its productivity to enable it to compete with neighboring economies, improve its human capital, eliminate limitations on foreign investment, and reduce incentives and reform state-owned institutions. It advised the country to diversify its trade, noting its heavy reliance on manufactured goods. It cited Public-Private Partnership program as attracting investments in major infrastructure projects. It regarded the roll-on, roll-off ports as major infrastructure success. The report also cited the Philippine banking system for being resilient in the face of the global financial crisis as major banks remain well-capitalized and liquid. It acknowledged the tourism sector as vital to socio-economic development, boosted by government's goal of doubling tourist arrivals by 2016. The WTO cited the Philippine commitment to enhanced economic integration among members of the Association of Southeast Asian Nations, including removing obstacles to trade and improving trade facilitation. The Philippines continues to negotiate regional trade agreements, now totalling 15, including its first bilateral free-trade area agreement with Japan. World Trade Organization, the international body that supervises 95 percent of global trade, was founded in January 1, 1995, by members of its predecessor, the General Agreement on Tariffs and Trade. World Trade Organization Agreements provide the legal ground-rules for international trade and commerce. Its goal is to help producers, exporters, and importers worldwide and bring them under one roof. MABUHAY!

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    © All Rights Reserved
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    de 3

    Trade policy is a collection of rules and regulations which

    pertain to trade. Every nation has some form of trade policy


    in place, with public officials formulating the policy which
    they think would be most appropriate for their country. The
    purpose of this policy is to help a nation'sinternational
    trade run more smoothly, by setting clear standards and
    goals which can be understood by potential trading partners.
    In many regions, groups of nations work together to create
    mutually beneficial trade policies.
    Things like import and export taxes, tariffs, inspection
    regulations, and quotas can all be part of a nation's trade
    policy. ome nations attempt to protect their local industries
    with trade policies which place a heavy burden on importers,
    allowing domestic producers of goods and services to get
    ahead in the market with lower prices or more availability.
    !thers eschew trade barriers, promoting free trade, in which
    domestic producers are given no special treatment, and
    international producers are free to bring in their products.
    afety is sometimes an issue in trade policy. "ifferent
    nations have different regulations about product safety, and
    when goods are imported into a country with stiff standards,
    representatives of that nation may demand the right to
    inspect the goods, to confirm that they conform with the
    product safety standards which have been laid out. ecurity
    is also an issue, with nations wanting to protect themselves
    from potential threats while maintaining good foreign
    relations with frequent trading partners.
    Exceptions#edit$

    %&,&&& pesos for individuals


    #'$
    ......

    (%,&&& pesos for every qualified dependent child)


    number of children not to exceed four.
    #'$

    Exceptions for mall and *edium Enterprises with


    income of less than '&&,&&& pesos
    Cedula#edit$
    +edula is a community tax that is paid annually at the
    ,arangay -all. It is often rated at %. of income.
    Value Added Taxes (VAT)#edit$
    In the /hilippines, the rate of 01T is at '(.. 2ith some
    additional 01T3
    #'$
    +ockpits and +abarets3 '4.
    5ai65alai and racetracks3 7&.
    1nd with some exceptions3
    #'$
    mall ,usinesses3 '&.
    8ot 01T6registered businesses3 76%.
    Excise taxes#edit$
    1lcoholic beverages, tobacco products, 9ewelry, petroleum
    products, mining and petroleum taxes, residence taxes, a
    head tax on immigrants above a certain age and staying
    beyond a certain period, document stamp taxes, donor :gift;
    taxes, estate taxes, and capital gains taxes. 1 document
    stamp tax is charged on stock certificates, proofs of
    indebtedness, proofs of ownership, etc., and normally
    amount to .<%. to '. of the par or face value of the
    certificate are imposed with excise taxes.
    #'$

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