The Department of Trade and Industry (DTI) has released a draft joint memorandum circular (JMC) that will establish a single accreditation system for sea and air freight forwarders in the Philippines.
The JMC, which is still subject to public review and comment, will streamline the accreditation process for freight forwarders, making it easier and more efficient for them to obtain the necessary licenses to operate.
Under the JMC which includes the Department of Transportation, all freight forwarders will be required to apply for accreditation through a single online portal. The application process would be simplified and would require only a basic set of documents.
Once accredited, freight forwarders will be issued a single certificate of authority that would be valid for five years. The certificate would be non-transferable and would be subject to periodic renewal.
The JMC is expected to boost the Philippine economy by making it easier for businesses to export and import goods.
By reducing the time and cost of shipping goods, the JMC will make it more attractive for businesses to do business in the Philippines, which will lead to increased investment and economic growth.
For freight forwarders, the single system will simplify the accreditation process and reduce the time and cost of obtaining a license. This will make it easier for freight forwarders to operate and will allow them to focus on providing services to their customers.