Monday, 11 September 2017

Philippines wants footwear in preferential trade with US

The Philippines is seeking to include footwear in the agreement on General System of Preferences (GSP) with the United States, the Department of Trade and Industry said Monday.

"Sana madagdagan pa, ma-enhance 'yung GSP. Hopefully, we can include footwear," Trade Secretary Ramon Lopez told reporters in Pasay City.

The GSP program eliminated tariffs on around 5,000 products from US trading partners such as the Philippines, but not for textiles, apparel, and footwear.

Trade Undersecretary Ceferino Rodolfo noted the tariff on footwear shipped from the Philippines to the United States are up to 15 percent.

"It's not just the Philippines advocating for this but also US buyers," he said, noting the US is one of the top markets for Philippine footwear.

"It's one of the more important sectors doon sa US," he added.
http://www.gmanetwork.com/news/money/economy/625417/philippines-wants-footwear-in-preferential-trade-with-us/story/

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Online Project management