The government estimated that the country’s exports of strategic goods reached $4.5 billion in 2022 and is expected to further increase following the launch of the Strategic Trade Management Office (STMO) e-Licensing Platform.
The government estimated that the country’s exports of strategic goods reached $4.5 billion in 2022 and is expected to further increase following the launch of the Strategic Trade Management Office e-Licensing Platform.
Of total strategic goods exports in 2021, information systems formed 98 percent of these exports, while semiconductors and integrated circuits accounted for the remaining two percent. Also, there were $650,000 in new investments in the intangible technology transfer. Safeguards have been placed to make transactions more efficient, transparent, and secure. Ultimately, this IT infrastructure project will facilitate the issuance of certificates to our industry stakeholders applying for the cross-border transfer of strategic goods.
WMDs are weapons that can cause widespread damage to human and animal life, infrastructure, and the environment; they also evoke terror in a population. They can be nuclear and radiological, biological, or chemical. Through the STMO, the Philippine government works to harmonize our strategic trade rules with our partners and allies.
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