THE Bureau of Customs’ National Single Window-Integrated Trade Facilitation Platform (NSW-ITFP) will allow exporters to better compete within the region by loweringTHE Bureau of Customs’ National Single Window-Integrated Trade Facilitation Platform (NSW-ITFP) will allow exporters to better compete within the region by lowering

Customs single window expected to raise exporter competitiveness

THE Bureau of Customs’ National Single Window-Integrated Trade Facilitation Platform (NSW-ITFP) will allow exporters to better compete within the region by lowering costs and improving the reliability of supply chains, the Federation of Philippine Industries (FPI) said.

“Importers and exporters used to shuttle between offices … (where) each agency had its own forms, its own queues, and its own delays. The NSW-ITFP promises to end that fragmentation,” the FPI said in a statement on Monday.

Citing the Philippines NSW website, the FPI said that 40 agencies are involved in the issuance of import and export permits, licenses, and clearances.

“If connected to a single digital portal, where one submission flows seamlessly across regulators, this will lower transaction costs for businesses, while faster clearance can improve supply chain reliability,” it said.

“This is a herculean task, but one that needs to have been started yesterday, so our country can finally move forward and be at par, to a certain extent, with our Association of Southeast Asian Nations (ASEAN) neighbors,” it added.

FPI also expects the platform to help the Philippine integrate with the ASEAN Single Window.

“ASEAN members such as Singapore, Malaysia, Thailand, and Vietnam have operated National Single Windows since the 2008-2016 period, connecting to the ASEAN Single Window by 2016 to streamline cross-border trade,” it said.

“The Philippines is in catch-up mode, and its success will depend on execution,” it added.

Once realized, the FPI foresees fewer trips to multiple agencies, faster clearance of goods, and reduced compliance costs.

“Businesses that once struggled with fragmented permits will gain easier market access, while exporters can compete more effectively in ASEAN supply chains,” it said.

“If implemented faithfully, the NSW-ITFP will lower transaction costs, improve predictability, and help local enterprises focus on growth rather than bureaucracy,” it added.

The group also welcomed the Bureau of Internal Revenue’s (BIR) Digital Transformation Roadmap 2025-2028, which aims to overhaul tax enforcement.

“For decades, taxpayers dreaded the letter of authority — a document that could arrive multiple times a year, often leading to harassment and confusion,” it said.

“The new roadmap promises a different approach: audits chosen by data, not discretion … By 2028, the BIR envisions a system where compliance is predictable, transparent, and far less prone to abuse,” it added.

The group expects investor confidence to be restored when unpredictability in taxation and trade is reduced.

“If these roadmaps are delivered faithfully, they could mark a turning point — where businesses no longer see government processes as obstacles but as enablers of growth,” it added. — Justine Irish D. Tabile

Market Opportunity
Polytrade Logo
Polytrade Price(TRADE)
$0.05386
$0.05386$0.05386
-0.07%
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 service@support.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

Stocks and Crypto Market Face Volatility From U.S. Tariffs

Stocks and Crypto Market Face Volatility From U.S. Tariffs

The post Stocks and Crypto Market Face Volatility From U.S. Tariffs appeared on BitcoinEthereumNews.com. Markets brace for volatility as new U.S.–EU tariffs and
Share
BitcoinEthereumNews2026/01/19 22:45
CEO Sandeep Nailwal Shared Highlights About RWA on Polygon

CEO Sandeep Nailwal Shared Highlights About RWA on Polygon

The post CEO Sandeep Nailwal Shared Highlights About RWA on Polygon appeared on BitcoinEthereumNews.com. Polygon CEO Sandeep Nailwal highlighted Polygon’s lead in global bonds, Spiko US T-Bill, and Spiko Euro T-Bill. Polygon published an X post to share that its roadmap to GigaGas was still scaling. Sentiments around POL price were last seen to be bearish. Polygon CEO Sandeep Nailwal shared key pointers from the Dune and RWA.xyz report. These pertain to highlights about RWA on Polygon. Simultaneously, Polygon underlined its roadmap towards GigaGas. Sentiments around POL price were last seen fumbling under bearish emotions. Polygon CEO Sandeep Nailwal on Polygon RWA CEO Sandeep Nailwal highlighted three key points from the Dune and RWA.xyz report. The Chief Executive of Polygon maintained that Polygon PoS was hosting RWA TVL worth $1.13 billion across 269 assets plus 2,900 holders. Nailwal confirmed from the report that RWA was happening on Polygon. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 The X post published by Polygon CEO Sandeep Nailwal underlined that the ecosystem was leading in global bonds by holding a 62% share of tokenized global bonds. He further highlighted that Polygon was leading with Spiko US T-Bill at approximately 29% share of TVL along with Ethereum, adding that the ecosystem had more than 50% share in the number of holders. Finally, Sandeep highlighted from the report that there was a strong adoption for Spiko Euro T-Bill with 38% share of TVL. He added that 68% of returns were on Polygon across all the chains. Polygon Roadmap to GigaGas In a different update from Polygon, the community…
Share
BitcoinEthereumNews2025/09/18 01:10
ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

By using this collaboration, ArtGis utilizes MetaXR’s infrastructure to widen access to its assets and enable its customers to interact with the metaverse.
Share
Blockchainreporter2025/09/18 00:07