The Philippines is a prominent strategic trading location near China, Taiwan, Indonesia, Malaysia, Vietnam, Japan, and Palau. But the country’s top import partners are not limited its neighbors, as it imports goods from Korea and the United States of America.
As the Philippines continues to comply with ASEAN-wide economic integration, the opportunities for both importers and exporters are lucrative. They need to rely on expert knowledge regarding the latest updates in the shipping scene as it can affect trade routes, and customs brokerage services will help ensure that the products are imported and exported according to plan.
Importing and exporting goods is how the marketplace originally became global. A country’s legislature’s responsibility is to regulate the goods that come into the country and what goes out, a job performed by the Bureau of Customs in the Philippines.
New importers must submit the necessary documents as prescribed by the Bureau of Customs, which includes a duly notarized accomplished Application Form, the Bureau of Customs Official Receipt, and a Corporate Secretary Certificate, among many others. There are other relevant documents for importing that businesses must provide once their goods arrive.
When importing animals, plants, food, medicine, or chemicals, it is also crucial for importers to get a Certificate of Product Registration from the Philippines’ Food and Drug Administration (FDA).
Knowing how importing works in the Philippines involves technical knowledge that reliable customs brokerage firms should know. Businesses should enlist the help of a reliable customs broker that helps ensure their shipments arrive on time without any problems.
In today’s market, nearly every business has the opportunity to go global to stay competitive. Building a solid relationship with a trustworthy customs broker can help ensure compliance as enterprises seek to expand their business operations in the long run by importing goods and products to other countries, such as the Philippines.
For more details on how to import to the Philippines, here is an article from Excelsior.
