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Philippines News Agency

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The Philippines News Agency

The Philippines News Agency (PNA) is a web-based newswire service of the Philippine government. The PNA Headquarters are housed at the 2nd floor of the PIA building along Visayas Avenue, Quezon City. PNA's website address is http://www.pna.gov.ph

It has been 35 years since PNA was launched in an era when newswire operations relied mainly on teletype machines and typewriters. PNA has steadily paced the highly competitive and changing arena of Philippine journalism; it is now slowly but surely coming to par with the challenges posed by the globalization of media communications. This has deeply shaped modern journalism and the news media organizations that have been instrumental in creating the very conditions that made globalization a reality.

PNA has evolved today as an Internet-based news service agency that caters to the global demand for news and information to its subscribers, readers and a host of other clients. PNA's mission is spelled out clearly: to provide the government, the Presidency, the public, as well as its media and non-media clients, both local and foreign based, sober, factual, impartial and objective news and information. PNA provides news 24/7, including photos of major events, feature stories, sports news and events, local and global opinions, general information, as well as global news and feature stories. PNA employs about a hundred journalists and stringers across the country, with several foreign-based correspondents.

PNA beat reporters and stringers are deployed practically in every government office and agency, including the main offices and camps of police and security forces, to provide news 24/7 for local, regional and global subscribers and readers. PNA likewise maintains active news exchanges with news agencies of ASEAN member-countries and the Organization of Asia-Pacific News Agencies (OANA).

Philippines News Agency
122.3.136.205 website Ip address
pnadesk@yahoo.com
+63 352 43 28,
+63 352 43 34,
+63 352 43 35
Latest Press Release
40th Philippines Business Conference and Expo. (PNA)

40th Philippines Business Conference and Expo. (PNA)

EU eyeing enhanced trade and investment ties with PHL -- Ambassador

MANILA, (PNA) -- European Union (EU) countries are keen on enhancing trade and investment ties with the Philippines through the adoption of trade facilitation measures and customs modernization.

Ambassador of the EU to the Philippines Guy Ledoux is optimistic that more European companies will consider locating in the Philippines and contribute to help create jobs and added value to its economy.

“Trade facilitation is the oil that makes our trade and investment machine work – let's make this a joint effort!,” the ambassador said during the 40th Philippine Business Conference on Thursday.

Ledoux noted that implementing the trade facilitation agreement that was agreed in Bali, Indonesia last year would support trade in goods by improving transparency, streamlining customs procedures and eliminating red tape.

“The benefits of trade facilitation are enormous and might even be more important than a further reduction of import tariffs! For example, revenue loss from inefficient border procedures is estimate to be above 5 percent of GDP (gross domestic product) in some countries,” he said.

The Philippines has submitted an ambitious schedule for implementing the World Trade Organization (WTO) trade facilitation agreement.

However, the ambassador lamented that some WTO members seem to stall on the progress made in Bali.

“I hope the Philippines will choose to implement its commitments with or without the adoption of the WTO protocol. As you know, the EU is ready to support with technical cooperation as we have done in the past!,” said Ledoux.

Ledoux underscored the importance of fast-tracking the passage of important Customs Modernisation and Tariff Act (CMTA) that includes numerous provisions of the trade facilitation agreement.

He said the CMTA would support intellectual property rights (IPR) enforcement, trade data collection, risk management linked to post-clearance audit and automation through a national single window.

“Customs modernization and trade facilitation are not limited by the adoption of the WTO Trade Facilitation Agreement,” the ambassador added.

In January to June this year, trade between the EU and the Philippines increased by 21 percent to US$ 7 billion.

On the other hand, the EU supplies about 30 percent of total foreign direct investments (FDIs) to the Philippines, providing over 400,000 jobs. (PNA)