Japan, UK warn against PH raw minerals export ban

Japan and the United Kingdom have expressed concerns about a proposed export ban on Philippine raw minerals during a recent World Trade Organization (WTO) Council for Trade in Goods meeting.

The two countries argue that Senate Bill 2826, which would restrict the export of raw minerals, is inconsistent with WTO rules and could disrupt global supply chains.

Japanese firms like Sumitomo Metal Mining Co. Ltd., which has significant investments in Philippine mining projects, have raised concerns about the proposed legislation.

The Philippines maintains that the export ban aims to promote domestic processing capabilities and increase government revenue through value-adding processes.

Under SB 2826, the export of raw minerals will be prohibited for five years after enactment to foster development within the mining sector.

The bill is awaiting deliberations at a bicameral conference committee before being submitted to President Marcos for approval, while its counterpart in the House lacks an export restriction provision.