Commendable Efforts by Philippines Customs Commissioner Demonstrates Revenue Increase Through Fighting Corruption

After losing a projected $4.6 Billion USD in annual customs revenue, Philippines President, Benigno Aquino III, recognized the need to squash the corruption within his Bureau of Customs and assess the nation’s customs revenue gap. He appointed a former Goldman Sachs trader in Hong Kong, John Sevilla, as the Commissioner to do the job. Since that time, the Bureau’s revenue from import duties has risen 20% from a year ago. Aided by government corruption, duty evasion through undervaluing imports, filing false manifests, and smuggling has run rampant for years amongst the Philippines importing community.

Relatively basic analytics on trade data that had not been previously performed uncovered the root of the losses. Clamping down on those subverting import laws and working with trading partners in the Asian-Pacific region noticeably increased revenues. These types of best practices can be implemented with proper guidance and should serve as a model for developing nations seeking to bolster their economies.

Business Week with the full article.

More Posts

CTPAT | Cargo Smuggling Trends Members Should Know

The CTPAT Minimum Security Criteria, regarding transportation security, emphasizes critical areas of conveyance security due diligence. To maintain contraband-free supply chain, MSC requires your supply chain operations team to keep up with evolving smuggling trends. Listed below are event smuggling trends all CTPAT member companies should be aware of:

2022 Trade Facilitation and Cargo Security Summit

CBP outlined the new requirements set forth in the CTPAT Trade Compliance program regarding forced labor. For CTPAT Tier II or Tier III members participating in the CTPAT Trade Compliance partnership, CBP released the new requirements that take effect on August 1st, 2022.

CTPAT Virtual Validations Checklist

The validation process is extensive. Virtual validations can last anywhere from 3 to 8 hours. When necessary, the validation will be divided into multiple sections. CBP’s goal is to leverage technology to further standardize virtual validations by using data to reduce validation backlogs and develop efficient feedback systems. Here are the latest lessons and best practices for CTPAT virtual validations from CBP’s 2022 Trade symposium.

This website uses cookies to ensure you get the best experience on our website.