Wary traders pin hopes on port scheme probe

Four trade groups opposing the new container and tracking system planned by the Philippine Port Authority are seeking help from Senators to scrutinize the measure, hoping to expose its alleged pitfalls and stop its execution. /PDI

“These issuances, aside from being problematic, unnecessary and arbitrary, can negatively impact the whole industry and ultimately, affect the consumers who will be left to bear the brunt of higher shipping and logistics costs,” the statement added.“We do not want a scenario where we will be left with no choice but to pass the additional costs resulting from these policies to the consumers who can barely make both ends meet due to inflation,” said the joint statement.

“We are looking at hopefully reaching prepandemic levels of volume because we see consumer spending picking up, especially when the lockdowns have already been eased,” he said. Cargo volume amounted to 265.88 million metric tons in 2019. Cargo throughput was at 261.62 million MT last year. INQSubscribe to our daily newsletter

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