Penalties for strategic trade act violation take effect in 2022

The temporary suspension of administrative penalties under the Strategic Trade and Management Act (STMA) will be lifted on January 1, 2022, according to a Department of Trade and Industry (DTI) order.

DTI Memorandum Circular (MC) 21-27 dated July 7, however, said the suspended administrative penalties may still be imposed if companies fail to adhere to warning letters for corrective action issued by the Strategic Trade Management Office (STMO).

DTI temporarily suspended the imposition of administrative penalties under the STMA last year through MC 20-27 due to the COVID-19 pandemic.

(For the full report, PORTCALLS)

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