To improve trade and economic zone efficiency, PEZA and BoC signed a data-sharing agreement.

The Philippine Economic Zone Authority, or PEZA, and the Bureau of Customs, or BoC, announced on Wednesday that their historic collaboration had been formalized.

This monumental partnership culminated in the ceremonial signing of the Data Sharing Agreement for access to the Electronic Tracking of Containerized Cargo System.

The effectiveness and security of trade and economic zone operations in the Philippines are expected to be revolutionised by this historic agreement.

Revolutionary power

Under their leadership, Director General Tereso O. Panga and Commissioner Bienvenido Y. Rubio has recognized the revolutionary power of efficient data sharing and collaboration.

This ground-breaking collaboration has been made possible by their unwavering dedication to modernizing customs and economic zone operations.

In order to protect the interests of the country, the BOC, which is tasked with overseeing the handling, possession, and delivery of products at all ports of entry, plays a crucial role.

Real-time tracking of inland movements of containerized products has been made possible by the E-TRACC System, which was adopted by Customs Memorandum Order 04-2020.

Meanwhile, PEZA, operating under Republic Act 7916 (as amended by Republic Act 8748), looks after regulating, overseeing, and facilitating business operations within economic zones.

Both agencies' contributions to the growth and prosperity of the country are obvious through the thriving economic activity within these zones.

Data sharing agreement

The Data Sharing Agreement formalizes the collaboration between these two vital agencies.

PEZA will gain access to BOC's E-TRACC System data, enabling real-time monitoring of containerized goods and individuals within and outside economic zones.