DTI, China inks partnership for E-Commerce

DTI, China inks partnership for E-Commerce

By Liezelle Soriano

MANILA — The People’s Republic of China and the Republic of the Philippines decided to concentrate on expanding their bilateral electronic trade in order to fortify their already strong strategic cooperation relationship.

As part of his three-day state visit, President Ferdinand “Bongbong” Marcos Jr. attended the signing of a Memorandum of Understanding (MOU) on Electronic Commerce Cooperation between Department of Trade and Industry (DTI) Secretary Fred Pascual and Chinese Minister of Commerce Wang Wentao on January 4, 2023.

Under the MOU, three areas of cooperation were identified such as (1) promoting trade of high-quality featured products and services; (2) pursuing business exchanges between MSMEs and e-commerce platforms, start-ups, and logistics service providers; and (3) sharing of best practices and innovative experiences in utilizing e-commerce.

“This agreement will facilitate the sharing of experiences, best practices, critical information, and policies related to trade and e-commerce. We look forward to interventions that will promote consumer and merchant protection, intellectual property, data security, and privacy laws. This MOU will be beneficial in building the capacity of our local businesses to cope with the modernizing business sector,” Pascual said.

“This will also operationalize Agenda #17 of the e-Commerce Philippines 2022 Roadmap concerning the enhancement of cross-border cooperation and market access through trade agreements and economic cooperation programs with major e-commerce trading partners,” he added.

(ai/mtvn)

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