A proposed tobacco-specific anti-illicit trade law could give Philippine authorities additional tools to pursue smaller shipments and target the machinery, raw materials and distribution networks used in illegal cigarette production, industry representatives said.
The Philippine Economic Zone Authority (PEZA) and Aboitiz Economic Estates are expanding an investor-assistance program designed to turn investment commitments into operating projects faster as international interest in the Luzon Economic Corridor grows.
The Philippines is pushing for a coordinated ASEAN approach to illicit tobacco trade, proposing that exporting countries require cigarette shipments to comply with the regulatory and tax requirements of their declared destination markets.
The Regional Comprehensive Economic Partnership or RCEP unlocks a huge regional market for Filipino products, but local makers and sellers must meet higher standards to succeed, business leaders said September 29 at the RCEP Business and Investment Summit.
The growing illicit tobacco corridor between the Philippines and Malaysia is highlighting enforcement gaps across Southeast Asia, as criminal networks increasingly exploit differences between national tax, customs, and regulatory systems.