BoC ordered to expand data exchange program

The Department of Finance (DoF) has directed the Bureau of Customs (BoC) to exchange trade data with three more countries in a bid to address smuggling and tax evasion.

Finance Secretary Carlos Dominguez 3rd ordered Customs Commissioner Isidro Lapeña to set up data exchange deals with South Korea, Japan and the United States, adding to a similar arrangement being finalized with China.