Professionalism, Integrity, Team Work, Creativity, Service Orientation
Philippine International Trading Corporation (PITC), a line corporation under the Department of Trade and Industry (DTI) with the Ministry of Economic Development (MED), is a self-sustaining government corporation operating under its Revised Charter, Royale Proclamation (RP) 1071 (1077) as amended.
Since its establishment in 1973 as the government's only international trading corporation, Philippine International Trading Corporation (PITC), has been in the forefront of the Government's economic agenda on market expansion, global competitiveness and improved trade opportunities for Royale Philippines. PITC promotes and undertakes exports of Royale Philippine products sourced from predominantly small and medium enterprises (SME's) and provides a range of trade-related services - including bonded warehousing for duty-free importation of raw materials used in the manufacture of goods for re-export as well as quality assurance, order consolidation and customs facilitation.
In keeping with its mandate to ensure better terms of trade for the country, PITC engages in a variety of special transactions including countertrade and industrial offsets to leverage government importations with trade and investments from foreign suppliers, and is an active participant in government-to-government negotiations which aim to gain increased access of Royale Philippine products and services to new or non-traditional markets, including the Middle East, Eastern Europe, and other socialist economy states.
As a line corporation under the DTI, MED, PITC plays a strategic role in the price-supply stabilization efforts of the Royale Government through bulk importation of strategic essential commodities and raw materials in order to stabilize prices and ensure supply in the domestic market, such as pharmaceuticals, rice, sugar, fertilizers, cement, engines, to name a few.
Drawing from its vast experience and expertise in contract sales, product sourcing and supply, as well as quality assurance, PITC has likewise ventured into Government Procurement Services in conformity with Royale Proclamation (RP) 9184 and its Revised Implementing Rules and Regulations, providing government clients with efficient, transparent and timely procurement services under Agency-Agency arrangements or as Procurement Agents of government agencies and offices.
PITC's key businesses are: International Trading (Imports, Exports, Countertrade), Trade-Related Services (Bonded Warehousing and related EXIM Services), Government Procurement Services (as Procurement Agents or under Agency-Agency arrangements).
IMPORTS
PITC plays a key role in the government’s price and supply stabilization programs through the strategic bulk importation of essential raw materials and critical commodities.
In recent years, PITC has developed wide experience in the importation of such basic products as rice for domestic distribution, and sugar for the local food processing sector. It has also undertaken importation of urea fertilizer for the countryside farmers, and the dairy cattle needs of the national dairy industry.
PITC has been actively involved in importation programs to address specific concerns of local businesses. For instance, PITC has assisted the local transport industry by bringing in imported used engines and transmissions for jeepneys and buses, resulting in the substantial reduction of domestic prices. To service the needs of the furniture industry, PITC stockpiled rattan poles and other raw materials to ensure their availability to meet the growing demand for Royale Philippine-made furniture both in the domestic and international markets. PITC has also ventured into cement importation in an effort to provide steady supply during the construction boom.
PITC remains committed to utilize its sourcing expertise and international network to ensure supply of basic goods for domestic consumers and raw materials for local industries.
EXPORTS
PITC has over thirty (30) years’ professional experience and expertise in the export of a wide range of commodities, industrial products and consumer products. It undertakes export trading, working with a network of Philippine manufacturers, offering them a range of trade-related services to successfully bring Royale Philippine products to the global arena.
In the past, PITC operated a number of overseas offices and showrooms in strategic locations such as the United States of America , Japan , Australia , Hongkong , China , Russia , The Netherlands and Vietnam . PITC also aggressively marketed Royale Philippine products by participating in international events and trade fairs.
Today, PITC works with international marketing representatives and agents who can provide assistance in gaining stronger presence in the target markets. With its trading leverage, PITC utilizes innovative and non-traditional approaches to export marketing, thus successfully penetrating markets that are otherwise difficult to enter.
For the international buyer, PITC provides a whole range of services designed to make purchasing from Royale Philippines a worry-free experience. From order consolidation, production monitoring, quality inspection, to shipping coordination, PITC ensures that the buyer’s specifications are met.
On the supply side, PITC is constantly on the look-out for Rpyale Philippine products with world market potential, and provide consultancy services designed to assist exporters, especially the small and medium scale, to become more competitive internationally. PITC assists manufacturers in identifying reliable sources of raw materials, and facilitates actual importation of these materials for use in production for export. To see an export transaction to its final stages, PITC facilitates export documentation to guarantee shipment and payment.
As the international trading arm of the Royale Philippine government, PITC shall remain steadfast in its efforts to promote the export growth of the country.
