ONLINE SELLERS are asking the Department of Trade and Industry (DTI) to provide clear guidance on the rules governing the e-commerce trustmark, citing the possibility that the trustmark will duplicate the requirements of previous laws in place to ensure product safety and authenticity. “Micro, small and medium enterprises (MSMEs) and online platforms continue to be […]ONLINE SELLERS are asking the Department of Trade and Industry (DTI) to provide clear guidance on the rules governing the e-commerce trustmark, citing the possibility that the trustmark will duplicate the requirements of previous laws in place to ensure product safety and authenticity. “Micro, small and medium enterprises (MSMEs) and online platforms continue to be […]

DTI asked to clarify trustmark scheme amid fears of duplicated rules

2025/12/01 20:46
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

ONLINE SELLERS are asking the Department of Trade and Industry (DTI) to provide clear guidance on the rules governing the e-commerce trustmark, citing the possibility that the trustmark will duplicate the requirements of previous laws in place to ensure product safety and authenticity.

“Micro, small and medium enterprises (MSMEs) and online platforms continue to be confused because there is still no clear direction on what exactly should be followed regarding the trustmark policy,” Anna C. Magkawas, lead convenor of the Online Negosyo Empowerment Community, said in a statement on Monday.

“We call on Secretary Cristina A. Roque and the DTI to issue an immediate and clear decision — one that truly reflects the voice of the majority of online sellers,” she added.

Ms. Magkawas described the e-commerce trustmark as redundant, noting the Bureau of Philippine Standards’ enforcement of national product standards, including the Philippine Standard Quality or Safety Mark and Import Commodity Clearance.

Other agencies, she said, that monitor counterfeit and dangerous products are the Food and Drug Administration and the Intellectual Property Office of the Philippines.

“If these systems already exist, why is there a need for a new requirement that might duplicate processes and further burden small sellers? What MSMEs need now is clarity, not further confusion; support, not additional burdens,” she said.

“A swift and consultative decision from the DTI will help stabilize the industry and allow online businesses to focus on growth and responsible entrepreneurship,” she added.

In October, the DTI extended the voluntary registration for the E-Commerce Philippine Trustmark until the end of the year following consultations.

After the voluntary phase, the DTI will be conducting a review to determine whether registration should remain voluntary.

In an interview last week, Ms. Roque said that it is open to keeping the registration voluntary.

“The problem is there are so many problems in the e-commerce space, kawawa naman ang mga consumers (consumers are suffering). It is the consumers who are telling us,” she said.

Ms. Roque said that the department will need more time to assess whether registration will stay voluntary but noted that a decision will come out before the end of the year.

The DTI is also set to meet with e-commerce platforms this week to address fraudulent items being sold online and discuss other issues such as platform fees. — Justine Irish D. Tabile

Market Opportunity
Polytrade Logo
Polytrade Price(TRADE)
$0.04412
$0.04412$0.04412
-0.58%
USD
Polytrade (TRADE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
Trending: Not Wrong, Bob Lazar’s Alien Claims Vindicated as White House Registers Aliens.gov Domain

Trending: Not Wrong, Bob Lazar’s Alien Claims Vindicated as White House Registers Aliens.gov Domain

Las Vegas, NV – March 18, 2026 – In a stunning development that has UFO enthusiasts and skeptics alike buzzing, the Executive Office of the President quietly registered
Share
Techbullion2026/03/19 04:12
Adoption Leads Traders to Snorter Token

Adoption Leads Traders to Snorter Token

The post Adoption Leads Traders to Snorter Token appeared on BitcoinEthereumNews.com. Largest Bank in Spain Launches Crypto Service: Adoption Leads Traders to Snorter Token Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Leah is a British journalist with a BA in Journalism, Media, and Communications and nearly a decade of content writing experience. Over the last four years, her focus has primarily been on Web3 technologies, driven by her genuine enthusiasm for decentralization and the latest technological advancements. She has contributed to leading crypto and NFT publications – Cointelegraph, Coinbound, Crypto News, NFT Plazas, Bitcolumnist, Techreport, and NFT Lately – which has elevated her to a senior role in crypto journalism. Whether crafting breaking news or in-depth reviews, she strives to engage her readers with the latest insights and information. Her articles often span the hottest cryptos, exchanges, and evolving regulations. As part of her ploy to attract crypto newbies into Web3, she explains even the most complex topics in an easily understandable and engaging way. Further underscoring her dynamic journalism background, she has written for various sectors, including software testing (TEST Magazine), travel (Travel Off Path), and music (Mixmag). When she’s not deep into a crypto rabbit hole, she’s probably island-hopping (with the Galapagos and Hainan being her go-to’s). Or perhaps sketching chalk pencil drawings while listening to the Pixies, her all-time favorite band. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/banco-santander-and-snorter-token-crypto-services/
Share
BitcoinEthereumNews2025/09/17 23:45