This legislation builds upon the earlier CREATE Act, aiming to further enhance the Philippines' economic competitiveness by refining tax policies and incentive structures to attract both domestic and foreign investments.​

Philippine rice importers delayed the purchase of approximately 350,000 metric tons of Vietnamese rice due to significant price drops. Initially agreed at around $620 per ton, prices fell to about $500 per ton, prompting renegotiations and potential risks for Vietnamese exporters.

The Philippine economy is set to be one of ASEAN’s fastest-growing in 2025, driven by strong domestic demand, a booming BPO sector, and expanding digital investments, according to HSBC and BofA. Easing inflation, a solid labor market, and infrastructure projects will further support growth.

In July 2024, ASEAN and China announced the "substantial conclusion" of negotiations for the ASEAN-China Free Trade Area (ACFTA) 3.0 Upgrade, marking a major milestone in their economic partnership. The official signing of the agreement is expected in 2025, with the upgraded framework set to introduce new areas of cooperation and strengthen trade and investment ties between ASEAN and China.

In October 2024, the Philippines' total external trade in goods amounted to USD 18.13 billion, reflecting a 4.9% year-on-year increase. This increase indicated a positive trend in both exports and imports, suggesting that the Philippine economy was experiencing growth in its external trade despite global economic challenges.

At Australasian Food Products Trading, we pride ourselves on sourcing the freshest and finest seafood and produce from across the region.

As your trusted premium importer, we are excited to unveil our latest catalogue featuring an exceptional selection of Australian seafood that embodies quality, sustainability, and superior taste.

The Asia Food Expo 2024, held from September 4 to 7 in Pasay City, Philippines, emerged as a landmark event in the food industry, drawing participants from various sectors of the food supply chain.

The Philippine Sugar Regulatory Administration (SRA) issued Sugar Order No. 5, which authorized the importation of 240,000 metric tons of refined sugar to address concerns over the domestic sugar supply and price stability. The decision followed months of supply shortages and price hikes that had created significant challenges for both consumers and businesses in the Philippines, especially in food processing and retail sectors.

On June 20, 2024, President Ferdinand Marcos Jr. signed Executive Order No. 62 (EO 62), which introduced modifications to import duty rates for a range of commodities. The new tariff structure will take effect in July 2024, signaling a significant shift in the country's trade policy, particularly in the agricultural sector.

In this guide, we'll walk you through the essential steps to successfully import products into the Philippines, focusing on key strategies and considerations to ensure success.

The relocation to One Park Drive reflects Australasian Food Products Trading's commitment to innovation, collaboration, and customer satisfaction, further solidifying its position as a trusted leader in the logistics and importing consulting industry.

Australian Prime Minister Anthony Albanese and Philippine President Bongbong Marcos inked several agreements and a joint declaration during their first-ever bilateral meeting in Manila.

Australasian Food Products Trading Chief Operations Officer Scott Bustos attends international importing masterclass conference jointly conducted by the European Chamber of Commerce in the Philippines and CEI Cargo.

How the Australia-Philippines Free Trade Agreement Enables Businesses in the Philippines to Import Australian Food Products.