Related Keywords: Asean, establish operations, EU, Japan can benefit from significant tariff differentials, Japanease manufacturere enticed, Philippines enjoys duty free export privileges, produced in Philippines, set up manufacturing facilities, take advantage of Philippines preferential trade agreements, textile category, US
Philippines enjoys duty free export privileges for almost 99 percent of goods traded across member countries of ASEAN Economic Community apart from this it is also a beneficiary of preferential trade schemes of the US and EU under their respective General Systems of Preferences (GSP) and GSP+ trade schemes. Japanese manufacturers are enticed to establish operations in the Philippines to take advantage of the country’ s preferential trade agreements with ASEAN, the European Union (EU), and the United States (US), said Department of Trade and Industry (DTI) Secretary Adrian S. Cristobal Jr.
