PHILIPPINE KNITWEAR SECTOR HOPING FOR OLD GLORY AFTER INCLUSION IN PREFERENTIAL EU TARIFF SCHEME
February 8th, 2015
The Philippines’ once formidable knitwear sector has been shrinking in size in the past two decades, but the Pacific archipelago’s inclusion in the European Union’s (EU) Generalized System of Preferences Plus (GSP+) preferential tariff scheme from January 1 is now filling remaining manufacturers with some hope for another heyday. The GSP+ programme grants 6,274 Philippine export items, such as garments and chemical products, zero EU tariffs for 10 years, with the Philippines being the only among the 10 Association of Southeast Asian Nations (ASEAN) members ...
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