The ECCP has hailed the Philippines’s improved ranking in the latest World Bank Logistics Performance Index (LPI), noting that “seamless and sustainable” trade is essential amid an increasingly globalized world. Know more:
THE European Chamber of Commerce of the Philippines has hailed the Philippines’s improved ranking in the latest World Bank Logistics Performance Index , noting that “seamless and sustainable” trade is essential amid an increasingly globalized world.
The report noted that economies are ranked based on indicators related to Customs, Infrastructure, International shipments, Logistics competence and equality, Timeliness, and Tracking and Tracing. The chamber noted that the country’s logistics performance can be “further improved” by “timely implementing the 10-year Maritime Industry Development Plan ; fully operationalizing the National Single Window integrating it with the Asean Single Window ; upholding the International Commerce Terminology ; and officially clarifying the lead government agency responsible for matter relating to shipping rates and port congestion.
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