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14 June 2024, 00:15 AM

BOC and PEZA Forge Data Sharing Agreement to Elevate Trade and Economic Zones Efficiency

September 6, 2023
[Manila, Philippines – September 5, 2023] – A historic moment unfolded on Tuesday as the Bureau of Customs (BOC) and the Philippine Economic Zone Authority (PEZA) formalized their monumental partnership, culminating in the ceremonial signing of the Data Sharing Agreement for access to the Electronic Tracking of Containerized Cargo (E-TRACC) System. This landmark agreement is set to revolutionize the efficiency and security of trade and economic zone operations in the Philippines.

Under the leadership of Commissioner Bienvenido Y. Rubio and Director General Tereso O. Panga, the BOC and PEZA recognize the transformative potential of streamlined data sharing and cooperation. Their unwavering commitment to modernizing customs and economic zone operations has paved the way for this groundbreaking collaboration.

The Bureau of Customs, mandated with overseeing the handling, custody, and delivery of goods at all ports of entry, is entrusted with a pivotal role in safeguarding the nation’s interests. The E-TRACC System, introduced through Customs Memorandum Order No. 04-2020, has been instrumental in real-time monitoring of containerized goods’ inland movements.

On the other hand, PEZA, operating under Republic Act No. 7916 (as amended by Republic Act No. 8748), is responsible for regulating, supervising, and facilitating business operations within economic zones. Their contributions to the nation’s growth and prosperity are evident through the vibrant economic activity within these zones.

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. This partnership promises to enhance efficiency, transparency, and security in cargo transportation to and from these zones.

Key provisions of the agreement focus on data privacy, security, storage, and retention of confidential information.

Both the BOC and PEZA emphasize their dedication to upholding data privacy laws and safeguarding confidential information. Stringent measures will be in place to ensure that sensitive data is used solely for its intended purposes.

The signing of the Data Sharing Agreement signifies a collective commitment in fostering innovation, efficiency, and compliance within the agencies’ respective domains. Together, they aim to contribute to the growth and development of the Philippines’ trade and economic landscape.#

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