Business World

Toyota PHL secures certificat­ion for simplified Customs processes

- — Justine Irish D. Tabile

TOYOTA MOTOR Philippine­s Corp. has secured Authorized Economic Operator (AEO) Level 2 certificat­ion from the Bureau of Customs (BoC), enhancing customs processes, the company announced on Thursday.

The certificat­ion provides Toyota with a dedicated processing lane, advance clearance, periodic lodgment, a one-time exemption certificat­e, and faster customs clearance for exports, the company said in a statement.

The BoC’s AEO program aims to enhance legitimate trade facilitati­on and the smooth movement of goods through secure internatio­nal supply chains.

“An accreditat­ion certifies that Toyota underwent a rigorous process of assessment and validation as well as met the general and security criteria of the BoC in accordance with the World Customs Organizati­on Framework of Standards to Secure and Facilitate Global Trade,” the auto company said.

Toyota was also the first organizati­on to receive level 1 AEO accreditat­ion in 2022.

The company operates at several major BoC ports, such as the Port of Batangas (POB), Manila Internatio­nal Container Port, and Ninoy Aquino Internatio­nal Airport.

“The POB serves as Toyota’s gateway for importing automotive products such as Toyota and Lexus vehicle models, multisourc­ed parts for production, and service parts from the Asia Pacific region,” the company said.

The port links its supply chain to distribute automotive products to dealership­s in Visayas and Mindanao and to export original equipment manufactur­er parts and components produced by Toyota export parts suppliers.

Aside from its new accreditat­ion, the company was also recognized as the country’s second top importer after remitting P44 billion in duties and taxes in 2023.

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