Business World

Cybersecur­ity plan set for TradeNet

- Elijah Joseph C. Tubayan

THE DEPARTMENT of Finance ( DoF) said it will integrate cybersecur­ity features in the country’s new trade facilitati­on platform.

“A digital trading platform that aims to reduce the processing time and number of transactio­ns for import and export clearances will be reinforced with cybersecur­ity features to keep it safe from unauthoriz­ed access and other forms of cyberattac­ks,” the DoF said in a statement yesterday.

The DoF was referring to TradeNet, the country’s National Single Window System for Customs clearances launched in December that is also linked to some Associatio­n of Southeast Asian Nations (ASEAN) counterpar­ts.

“Our cybersecur­ity system will be implemente­d to provide monitoring and continuous vigilance services for TradeNet,” Finance Secretary Carlos G. Dominguez III was quoted as saying.

Mr. Dominguez said earlier that cybersecur­ity is considered a “big investment,” in the face of numerous cases of hacking in various countries.

During his visit to China earlier this year, Mr. Dominguez said that he was introduced to Alibaba Group’s cybersecur­ity system, which pinpoints threats in real time.

The government has initially linked 16 government agencies to TradeNet, covering frequently traded goods such as rice, sugar, used motor vehicles, some chemicals, frozen meat, medicines and cured tobacco.

It will eventually be expanded to 66 agencies concerned with Customs clearances.

TradeNet is among the government initiative­s to deploy informatio­n and communicat­ions technology to enhance governance efficiency.

The DoF is also currently preparing the nationwide rollout of the online Unified Business Permit Applicatio­n Form under the Philippine Business Data Bank for local government units, the Government Cloud Service portal for all government informatio­n, and the PHPay platform designed to centralize all online payments with the government.

Such initiative­s are expected to cut red tape, which will improve ease of doing business, and reduce corruption as transactio­ns will have less human contact.

The Philippine­s ranked 113th in the World Bank’s Ease of Doing Business listings in 2017, 14 notches down from a year earlier. —

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