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BOC, China Customs agree on data exchange

BOC, China Customs agree on data exchange
Issue Time:2019-01-09
THE customs agencies of the Philippines and China have agreed to set up a data exchange system to facilitate the timely sharing of trade information and aid them in their respective campaigns against smuggling and tax evasion.

Bureau of Customs (BOC) Deputy Commissioner Edward James Dy Buco reported during a recent Executive Committee (Execom) meeting of the Department of Finance (DOF) that the agency also requested from its counterpart in China several data on Chinese commodity imports and exports to the Philippines between the years 2015 and 2017, monthly or quarterly export and import data of China to the Philippines by commodity for 2018; and export data on all shipments going to the Philippines and manifest of vessels carrying cargoes bound for the Philippines.