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23 June 2024, 06:07 AM

BOC Backs EO No. 18: Green Lanes for Strategic Investments

July 28, 2023

The Bureau of Customs (BOC) strongly supports the implementation of Executive Order No. 18 which mandated the establishment of Green Lanes for strategic investments. Commissioner Bienvenido Y. Rubio, alongside key officials, witnessed the historic launch and covenant signing of the EO on July 13, 2023, at Sofitel Philippine Plaza Manila, Pasay City.

Under the leadership of President Ferdinand Marcos, Jr., EO No. 18 aims to position the country as a top destination for foreign investments. By streamlining and expediting the investment process, the EO seeks to eliminate red tape and fosters a business-friendly environment that will attract vital foreign capital for growth, job creation, and innovation.

Commissioner Rubio’s endorsement of the EO through the covenant signing showcases the BOC’s commitment in simplifying customs processes and securing trade. All national government agencies, regional and provincial offices, government-owned or -controlled corporations, other government instrumentalities, and local government units similarly pledged their support to this cause.

Additionally, other BOC officials, including Atty. Marlon Agaceta, Chief of Staff of the Office of the Commissioner; Atty. Vener Baquiran, Deputy Commissioner of the Assessment and Operations Coordinating Group; and Atty. Yasmin Mapa, District Collector of the Port of Ninoy Aquino International Airport, likewise expressed their support for the EO.

EO No. 18 encompasses all entities involved in issuing permits, licenses, certifications, or authorizations for strategic investments. By unifying administrative bodies, the executive order facilitates investment processes, easing the path for potential investors and promoting transparency and trust.#

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