NEARLY three-fourths of exporters and importers in the Philippines are burdened by bureaucratic measures and regulations—the so-called non-tariff measures (NTMs)—that serve as barriers to trade, according to a survey conducted by the International Trade Center (ITC) in partnership with the Department of Trade and Industry (DTI).
The survey found that about 70 percent of the 1,150 local exporters and importers surveyed suffer from burdensome regulations or NTMs in the Philippines—one of the highest rates in Asia compared to other ITC surveys conducted in the region.
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