A study made by blueFocus Infrastructure Advisors showed that customs fees paid by traders to get their shipments cleared account for as much as 60 percent of their logistics costs.
Also, the study pointed to maritime expenses such as freight charges and shipping fees as the second highest contributor in logistics spending at between 20 and 40 percent.
This story is from the July 04, 2024 edition of The Philippine Star.
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This story is from the July 04, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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