In terms of its International Trade Services, it handles the export trading, customs bonded warehousing, countertrade and imports trading, and procurement services. Procurement processTo understand PITC’s procurement process, INQUIRER.net asked Lopez to explain what happens when the agency handles a project. Lopez explained that funds currently in PITC are for ongoing projects of different government agencies. READ: Almarinez denies ‘parked’ funds, PITC’s role in COVID-19 vaccine procurement‘Idle, parked, sleeping’As the firm receives considerable amounts of public funds, lawmakers and state auditors naturally pore over its books related to the procurement of goods and projects for government agencies. In the following privilege speech, the veteran lawmaker reiterated that more than 80 of PITC’s client-agencies are still waiting for its deliverables.

Source: Philippine Daily Inquirer November 26, 2020 09:55 UTC