Europe-PH News

RECENT changes in customs policies are expected to streamline trade processes and support investment activity, as an economic zone official and a business group point to reduced administrative barriers.

The Aurora Pacific Economic Zone and Freeport Authority (Apeco) said a newly-issued memorandum from the Bureau of Customs (BOC) could accelerate investment decisions among locators by simplifying accreditation procedures.

Under Customs Memorandum Order 05-2026, signed on April 6, the Apeco is now recognized as an importing and exporting freeport zone and authorized to act as an accrediting agency under the “Customs Client Profile Registration System” (CPRS).

The order amends earlier rules to include Apeco among government bodies that can process accreditation for importers and exporters.

“This development is expected to unlock pending investments and fast-track decision-making among our prospective locators,” Apeco President and CEO Gil G. Taway IV said.

“Some investors have been waiting for this formal recognition before proceeding with their projects, particularly those with import-export requirements,” Taway added.

The CPRS is a required registration system for businesses transacting with the BOC. Prior to the policy change, companies operating within Apeco had to coordinate with multiple agencies to complete their accreditation.

At the same time, the European Chamber of Commerce of the Philippines (ECCP) welcomed a separate reform extending the validity of importer accreditation to three years, along with reduced fees.

The group said the measure, implemented by the Department of Finance and the BOC, lowers compliance costs and simplifies procedures for businesses engaged in trade.

“This development helps reduce administrative barriers, allowing our local industries to focus on economic productivity,” the group said, adding that the policy supports efforts to build a more competitive and efficient trade environment.