The Philippine Board of Investments (BOI) has partnered with the Bureau of Customs-Manila International Container Port (BOC-MICP) and the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) to streamline customs procedures for the importation of motor vehicle parts, a move aimed at boosting the country’s automotive industry.
The collaboration was formalized in a meeting attended by key industry leaders, including BOI Executive Director Bobby G. Fondevilla, BOI Investment Assistance Service Director Ernesto C. Delos Reyes Jr., and District Collector Carmelita M. Talusan.
The partnership seeks to modernize and enhance the efficiency of customs processes to support the automotive sector’s growth.
“This partnership will effectively address the challenges faced by our importers and promote long-term, sustainable growth for the automotive industry in the country,” said Fondevilla during the meeting.
Delos Reyes emphasized the need for a dedicated point person within the BOC to assist investors and ensure smoother transactions.
“It is crucial to adopt a holistic government approach to have effective and efficient investment facilitation to sustain investments in the country,” he explained.
Talusan reaffirmed BOC’s commitment to improving transparency and efficiency in the customs process.
“We are committed to providing a more efficient and transparent customs process to support the competitiveness of the automotive sector. The partnership with BOI and CAMPI is crucial in advancing the country’s economic growth,” she stated.
This initiative forms part of BOI’s broader efforts to collaborate with 38 government agencies through the Investment Facilitation Network. By modernizing customs procedures, the partnership aims to enhance the automotive industry’s competitiveness, which is a critical driver of the Philippine economy.
