Trade repositories to reduce red tape

Member economies of the Asia Pacific Economic Cooperation (APEC) should establish their own trade repositories, which will lead to the simplifying of exports and imports requirements.

Trade and Industry Assistant Secretary Ceferino Rodolfo, on the sidelines of APEC Trade Repository (APECTR) Media Launch on Sunday, told reporters that trade repositories can further ease doing business as the government can identify procedures and requirements that can be streamlined.