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HK customs pact pushed
Manila Bulletin
|June 26 2025
President Ferdinand Marcos Jr.’s chief economic manager has ordered the finalization of a cooperative agreement between the Bureau of Customs (BOC) and its Hong Kong counterpart to enhance trade facilitation.
Currently a draft, the bilateral customs cooperative arrangement also aims to protect consumers “from the risks posed by smuggled and illicit goods.”
Department of Finance (DOF) Secretary Ralph G. Recto said in a June 25 statement that this arrangement is “necessary to ensure that both our customs administrations are functioning together in the most efficient way possible.”
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