International Commerce Terminology Archives - THEPHILBIZNEWS https://thephilbiznews.com/tag/international-commerce-terminology/ Delivering Stories of Progress Tue, 25 Apr 2023 06:10:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://thephilbiznews.com/wordpress/wp-content/uploads/2022/02/favicon.png International Commerce Terminology Archives - THEPHILBIZNEWS https://thephilbiznews.com/tag/international-commerce-terminology/ 32 32 ECCP lauds Phl’s improved ranking in WB logistics index https://thephilbiznews.com/2023/04/25/eccp-lauds-phls-improved-ranking-in-wb-logistics-index/?utm_source=rss&utm_medium=rss&utm_campaign=eccp-lauds-phls-improved-ranking-in-wb-logistics-index https://thephilbiznews.com/2023/04/25/eccp-lauds-phls-improved-ranking-in-wb-logistics-index/#respond Tue, 25 Apr 2023 06:15:00 +0000 https://thephilbiznews.com/?p=41724 The European Chamber of Commerce of the Philippines welcomes and celebrates the recent release of the World Bank report which puts the Philippines on the 43rd spot out of 139 countries in terms of Logistics Performance Index (LPI). Based on the report, the Philippines has moved up 17 places. In an increasingly globalized world, seamless and sustainable trade is essential. The Chamber further supports measures that will aid logistical efficiency as well as customs and trade facilitation. 

Furthermore, this can be further improved by timely implementing the 10-year Maritime Industry Development Plan (MIDP); fully operationalizing the National Single Window (NSW) and integrating it with the ASEAN Single Window (ASW); upholding the International Commerce Terminology (INCOTerms); and officially clarifying the lead government agency responsible for matter relating to shipping rates and port congestion.

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