Related Keywords: Apec summit, FOBAP, global competitiveness, grant of GSP status, Philippine exporters confederation Inc, Philippine garment export
With Philippine’s recent inclusion in the European Union’s new generalized system of preferences (GSP+), garments manufacturers expect their export earnings to increase by as much as 15 percent this year, said the Philippine Exporters Confederation Inc.
The granting of GSP+ status to the Philippines will allow local companies to export more than 6,200 product lines at zero duty. These include some of the country’s most important exports such as textiles and footwear.
