The Department of Trade & Industry (DTI) convened a dialogue related to the country’s application to the European Union’s General System of Preferences+ Scheme (EU GSP+). Attended by both Philippine and EU government officials, and various stakeholders of the Philippine exporting sectors, DTI Undersecretary for industry policy Adrian Cristobal Jr. (center) said “the holding of the dialogue is part of a cohesive effort to ensure that our industries are ready to take advantage of the GSP+ market access, once approved.” “This dialogue also aims to strengthen the country’s position in successfully securing GSP+ approval, thereby further increase exports with EU countries”, Undersecretary Cristobal said. GSP+ is a program under the EU GSP scheme that offers preferential tariffs to exports from eligible countries in the form of zero tariffs on all products covered by the scheme.
The Philippines is already a beneficiary of the GSP scheme which provides for reduced tariffs or zero tariffs to a limited number of products. Once the Philippine application to GSP+ is approved, the country’s exporters will enjoy zero tariffs on all products covered by the scheme including big ticket items that the Philippines is currently exporting under the regular GSP which include animal/vegetable fats and oils, prepared foodstuff, machinery and mechanical appliances; chemical products, textiles and garments, and plastic products.
Philippine exports under the GSP+ are expected to increase by 10.77% or €491.61 million in the first year of availment, which could generate about 197,000 in new jobs for Filipinos. Photo shows Undersecretary Cristobal with some of the attending Philippine and EU government officials in the dialogue namely (from left to right): DTI Assistant Secretary Seferino Rodolfo; DTI Export Marketing Bureau Director Senen Perlada; Department of Foreign Affairs Undersecretary Evan Garcia; and EU Delegation to the Philippines Economic and Trade Unit Head Walter Van Hattum. (DTI-PRU)