The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) led by its president Victor Lim expressed the organization’s full support and willingness to cooperate closely with the Bureau of Customs (BOC) to strengthen efforts in combating smuggling.
Lim said a more transparent and fair Customs system benefits not only legitimately operating businesses but also the overall development of the Philippine economy.
He said that for a long time, law-abiding enterprises have been deeply troubled by smuggling activities.
The influx of illegal products into the market disrupts fair competition and causes significant losses in government tax revenues.
Lim commended BOC Commissioner Ariel Nepomuceno’s reform initiatives, particularly those aimed at regulating conflicts of interest, enforcing a strict no-take policy and strengthening measures for the self-declaration of individual income.
Nepomuceno reported that the BOC recently seized various smuggled goods worth P2.39 billion.
He said the reform plan seeks not only to curb corruption but also to establish a systemic environment that fosters the growth of legitimate businesses.
As several past reform efforts within the BOC have failed due to internal resistance and entrenched interests, FFCCCII urged the BOC to build a genuine partnership with the business community to ensure the success and sustainability of its current reform measures.
