Trade General Merchandise imports are generally allowed without a licence. Export Processing Zones are present in Mactan, Baguio City, Cavite and Bataan. System of classification. Foreign investments are welcome in the Philippines. Customs and storage facilities are generally adequate and secure.
Regulated commodities require clearances from government agencies prior to their importation.
It may need to be legalised by a Philippine Consul. Credit terms of 30 to 60 days normally apply. Local currency and foreign exchange banks delays average one to three months. The import cover is currently 2.5 months. Documentation Air Waybill Number of copies requested will be based on the requirements of the airline used.