CAGAYAN DE ORO CITY, Feb. 9 -- The Inter-Agency Committee (IAC) on Executive Order No.1016 headed by the Department of Trade and Industry recently released the revised list of products that are prohibited and regulated for export.
Revision of the said list was made in response to the growing clamor from exporters for an updated reference of prohibited and regulated products for export to avert confusion and delay in export trade facilitation.
The IAC was created and operates by virtue of EO 1016 which also dispensed all inspection, commodity and export clearance requirements except: (1) those required as a result of the existence of import quotas in other countries, such as garments and sugar; (2) those covering items which are banned for exports; (3) those covering exports of logs, copper and coffee; and (4) those covered by international agreements to which the Philippines is a signatory.
Other IAC members are representatives of the Department of Finance, Department of Budget and Management, Bangko Sentral ng Pilipinas, and the National Economic and Development Authority.
Commodity agencies and the Bureau of Customs were provided with copies of the said list. The complete list of prohibited and regulated products for export is available at www.edc.net.ph. (EOR/EDC-PIA 10)