[PDF] MID-YEAR ACCOMPLISHMENT REPORT 2022 - PITC

5105_3NewsletterJune2022.pdf

PHILIPPINE INTERNATIONAL TRADING CORPORATION

INTERNATIONAL TRADING SERVICES GROUP 02 EDITION | ISSUE 17 | DATE: JULY 05, 2022

MONTHLY PERFORMANCE

JUNE 2022

COUNTERTRADE DEPARTMENT

MID-YEAR ACCOMPLISHMENT REPORT 2022

The Department has completed a total of US$ 12M

for the first half of this year which is equivalent to

PHP 683M worth of Countertrade projects such as

Donation (25%), Exports (16%), Trainings (7%) and Bank Credits (52%). With that being said, the department has done more than US$ 870M or PHP

48B worth of performances since 1993.

Countertrade

Performance

Amount in PHP Percentage

Offset:

Donation

Php 168,598,387

25%

Exports 115,371,396 16%

Trainings 43,261,710 7%

Bank Credits 355,864,111 52%

TOTAL Php 683,095,604 100%

Completed countertrade projects

NEW COUNTERTRADE AGREEMENTS

The Department has finalized a total of six (6) New

Countertrade Agreements valued at PHP 853M

worth of contracts.

Newly Signed Countertrade Agreements:

1. Annex Digital & Nuctech Company

Limited

2. All Certified Equipment Trading

Corporation

3. P.I. Farm Products, Inc.

4. Armscor Global Defense, Inc.

5. MKU Limited

6. MKU Limited

In support of the program, this will be able to utilize various government projects thru offsets, trainings, donations, research & development, and exports.

Countertrade briefings as of June

The Department conducted a total of seven (7) major Countertrade presentations for its government agency clients from the month of

January to June.

The following are the list of presentations:

1. Bureau of Customs (BOC)

2. 4th Asian Defense & Security Symposium

(ADAS)

3. Bureau of Fire Protection (BFP)٫

Head Quarters

4. 2022 GICA Spring Conference Madrid, Spain

5. Department of National Defense (DND) ٫

AFP Systems Engineering Office

6. Philippine Coast Guard (PCG)

7. Philippine Air Force (PAF)

CONTACT US

Philippine International Trading Corporation

National Development Company Building

116 Tordesillas Street, Salcedo Village, 1227 Makati City

Trunk Line (632) 818 98 01 Fax Nos.: (632) 892 20 54; 892 07 82

E-mail Address: pitc@pitc.gov.ph

Ō plaque of appreciation

In continuing good business relationships &

showing appreciation in their efforts to support the Countertrade program, the Department awarded plaque of appreciation to suppliers who have completed their Countertrade performances for the first two quarters of C.Y.

2021. The Department was able to award seven

(7) plaques of appreciation to suppliers.

ǝǣɀ ǣɀ ǣȇ Ǽǣȇƺ ɯǣɎǝ Ɏǝƺ ƺȵƏȸɎȅƺȇɎټ

appreciating the suppliers who have fulfilled their obligations in a reasonably timely man.

Thus, to have better relationship with the

suppliers in the future. end facebook.com/PITC.ph @PITC.ph @PITC.ph

2 COUNTERTRADE MONTHLY PERFORMANCE JUNE 2022

COUNTERTRADE BRIEFING:

DEPARTMENT OF DEFENSE ʼn

afp SYSTEMS ENGINEERING

OFFICE

The Department together with PITC President

& CEO, USec. Emmie Liza Perez-Chiong, and

Vice President for International Trading

Services Group, Atty. Mark Brian A. Dela Cruz

conducted a Countertrade briefing last 09 June

2022 at the DND ٫

Quezon City.

USec. Chiong, led the briefing and discussion of

the Countertrade and Offset Program. She emphasized the advantages of implementing the program in DND-AFPټɀ ȵȸȒƬɖȸƺȅƺȇɎِ Moreover, she expects full utilization of the

Countertrade Program which will greatly

benefit the DND.

The DND-AFPSEO appreciated the efforts and

the time that the PITC gave in conducting the briefing, for them to be familiarized of the program and how they will be able to incorporate it in their projects most especially for the AFP Modernization Projects.

Newly signed

countertrade agreements

The Department processed two (2) new

Countertrade Agreements with MKU

Limited. The total value of the Countertrade

obligations for these agreements is PHP

355M. This is relative to the following

procurements: Supply and Delivery of thirteen thousand three hundred sixty-seven (13,367) pieces integrated armor vest system for the Philippine Army (PA). Supply and Delivery of three hundred five (305) units Brand New Enhanced

Autogated Night Vision Device

(Monocular) for the Philippine

National Police (PNP).

Memorandum of

agreement (MOA) with department of national defense (dnd)

The Department spearheaded by ټ

President & CEO, Usec. Emmie Liza Perez-

Chiong was able to finalize and signed a

Memorandum of Agreement (MOA)

between DND and PITC on the integration of the Countertrade and Offset Program in all

DND Procurements and AFP Modernization

Projects last 30 June 2022. This MOA will not

only strengthen close ties between the two (2) government agencies but will also bring

DND additional benefits through offset

activities, without expense on the government, by virtue of their purchase/procurement of imported goods, equipment, machineries, or services.

Moreover, the MOA will serve as a basis that

DND is mandated to adopt the program in

their procurement projects.

Planning to do business with us. Contact

the following e-mails below:

Exports and Imports:

jsrodriguez@pitc1973.onmicrosoft.com

Custom Bonded Warehouse:

aurora.patingo@pitc1973.onmicrosoft.com