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The European Commission has said that Philippine exports to the European Union grew by over 21 percent since last year. In a statement, the head of the EU delegation Franz Jessen said that “an estimated PHP 120 billion worth of exports were benefiting from (General Scheme of Preferences) + trade preferences, especially in the food and agricultural sector.” “This makes the EU the Philippines’ second largest export partner, after Japan and before the US and […]
BRUSSELS – The European Commission adopted its first GSP Monitoring report to the European Parliament and the Council, including an assessment of Philippines’ implementation of 27 International Conventions, on human rights, labour rights, environment and governance. Preferential imports to the EU amount to over €50 billion in 2015 and the Philippines is increasing its share following its successful application and subsequent granting of “GSP+” preferential treatment on 24 December 2014. In 2014, the Philippines exported […]
Since December 2014, The Philippines is a beneficiary of the European Union’s special incentive arrangement for sustainable development and good governance (‘GSP+’), providing trade preferences to over 6,000 products, including processed fruit and foodstuffs, coconut oil, footwear, fish and garments. GSP+ can benefit in particular agricultural exports where many tariffs are now zero percent. Geographical indications (GI) – signs used to identify a product as originating in the territory of a particular country, region or […]
The European Union approved the Philippines’ application to qualify for the said Union’s General System of Preferences Plus (GSP+) scheme. This means that more than 6000 of the country’s export products will get to enjoy zero tariff or duty starting December 25 and will last for 10 years.
The country’s application to qualify for the European Union’s General System of Preference + (GSP+) moves one step closer to final approval of the European Parliament.
