PHILIPPINE GARMENT SECTOR UPBEAT OVER EU GSP+ INCLUSION BUT STILL AWAITING CLARITY
January 7th, 2015
PHILIPPINES’ garment sector is expected to be a key beneficiary of its country’s inclusion since January 1 within the European Union’s (EU) GSP+ scheme, allowing the export of 6,274 additional tariff items of all kinds to the EU at zero tariffs over the next 10 years.As the only Association of Southeast Asian Nations (ASEAN) member covered by the scheme, the Philippines government is expecting its competiveness as an outsourcing manufacturing location grow. But the lack of details at this stage does not allow for reliable impact estimates.“It is clear ...
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