BoI joins Customs advisory panel to smooth trade processes for investors

THE Board of Investments (BoI) has become a district-level member of the Customs Industry Consultative and Advisory Council (CICAC), helping address investors’ customs-related concerns.

“CICAC bridges the gap between public and private stakeholders, particularly in trade facilitation,” BoI Investment Assistance Service (IAS) Director Ernesto C. delos Reyes, Jr. said via Viber.

“This synergy allows for the smooth entry and departure of goods, ensuring that timely delivery of shipments empowers businesses to thrive and reach their full potential,” he added.

At the meeting formalizing its membership, BoI officials met with Bureau of Customs officials from the Manila International Container Port on May 2.

“This partnership underscores our shared efforts in addressing challenges faced by investors, particularly importers, and promoting long-term, sustainable economic growth,” BoI IAS Executive Director Bobby G. Fondevilla said. — Justine Irish D. Tabile