gsp+

Following the approval by the European Parliament of the Philippine application for the Generalized System of Preferences Plus (GSP+) last December 2014, many local companies have already started taking advantage of the newly-approved trade preferential scheme by expanding their current operations in the country. These expansions include hiring additional workers to increase production capacity, thereby exporting more to European Union (EU) countries. DTI Secretary Domingo (middle, pointing at a sewer) said that "the inclusion of the Philippines in the EU's GSP+ scheme is another milestone in our relations. This positive development will create more than 200,000 jobs in the initial years of implementation. Employment opportunities will be in labour-intensive industries which will in turn stimulate grassroots development." One such first-mover is CS Garment, a garment manufacturing plant located at the Cavite Processing Zone which recently announced it is expanding operations by hiring an additional 100 employees. CS Garment is a garments firm in the Philippines catering to the European market. It produces five of the top luxury brands known worldwide. EU Ambassador Guy Ledoux, DTI Secretary Gregory Domingo and Philippine Economic Zone Authority Director General Lilia De Lima toured the garment plant recently (4 February 2015) on invitation of CS Garment chief executive officer Claus Sudhoff. Joining them in the tour were EU member states' Ambassadors and officials. (DTI-PRU)