Philippine News

Date Published:

2:15 PM October 31, 2018

Date Updated:

2:15 PM October 31, 2018

in: News
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E.O. Ordering the Reviving of Mindanao Barter Trade Approved by Duterte

DUTERTE – Philippine President Rodrigo Roa Duterte approved the Executive Order ordering the reviving of the barter trade in Mindanao.

Following the order to put the Bureau of Customs under the military control and to abolish the Philippine Sugar Corporation, Pres. Rodrigo Roa Duterte is now ordering the reviving of the Mindanao barter trade.

The barter trade is not a strange thing to many people as it is known and taught in school that it was observed in the country before the Philippines was colonized by other countries.

The Filipino people in the past are believed to acquire their goods and the things they need by exchanging their products to other people. In that way, one’s need is met. The said practice will seemingly be observed next in Mindanao.

Rodrigo Roa Duterte

Photo: AP/Bullit Marquez

Based on a recent report on ABS-CBN News, Pres. Rodrigo Roa Duterte approved the Executive Order No. 64 ordering the reviving of the barter trade in Mindanao.

In the EO, it is reportedly stated that a Mindanao Barter Council (MBC) would be made and it should be attached to the Department of Trade and Industry. The DTI Secretary will serve as the chairperson of the council.

Based on the report, the vice-chairpersons of the MBC will be the commissioner of the Bureau of Customs and the chairperson of the Mindanao Development Authority.

The MBC will have the responsibility to come up with rules and regulations regarding the registration and the accreditation of the traders.

Based on the report, barter ports will be put up in Sulu, specifically in Siasi and Jolo, and Tawi-Tawi, specifically in Bongao. In cases wherein there would be proposed creation of barter ports in other areas, Pres. Duterte’s approval should be sought.

president duterte

Photo Source: CNN

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