Doing business with EU using GSP+


Department of Trade and Industry (DTI) Undersecretary Adrian S. Cristobal, Jr. (third from right) shakes hands with Counsellor and Head of the economic and trade section of the European Union (EU) delegation to the Philippines Walter van Hattum (third from left) during the recent forum on doing business with the EU using the new Generalized System of Preferences (GSP) scheme or GSP+ on January 14, 2015 at the DTI International Building in Makati City. Cristobal is joined by (from left) DTI Assistant Secretary Ceferino S. Rodolfo, Export Marketing Bureau (EMB) Director Senen M. Perlada, DTI’s Philippine Trade and Investment Center (PTIC) in Brussels Commercial Counsellor Zaffrullah G. Masahud, and Department of Agriculture’s Attache to Belgium Jose I. C. Laquian. The EU GSP+ offers a larger coverage of 6,274 products that will be accorded zero duty. During the forum, Cristobal noted that the GSP+ will boost inclusive growth in the Philippines. In the first year of GSP+ implementation, Philippine exports under GSP is expected to increase by 10.77 percent or €491 million, and create 267,000 new jobs. (DTI-PRU)