PHILIPPINES GARMENT SECTOR’S LACK OF TEXTILE BACKWARD LINKAGES RENDERING TRADE DEAL USELESS
April 1st, 2016
An anticipated boost for garment exports has failed to materialise since the Philippines was granted Generalised Scheme of Preferences Plus (GSP+) by the European Union (EU) in December 2014. Receiving GSP+ status meant that a total of 6,274 Philippines export products were given duty-free access to the EU market. And while the Philippines’ overall exports to the EU have seen improvement through GSP+ in 2015, with export growth to the EU accelerating 6.8% year-on-year in 2015, from 2.4% in 2014, according to Philippine Statistics Authority, it’s not the ...
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