GSP+ extension, free trade agreement with EU eyed
MANILA - A trade official is pushing for the extension of the European Union's (EU) trade preferences program while pursuing a possible free trade agreement (FTA) with the bloc for boosting bilateral trade relations. Angelo Salvador Benedictos, director of the DTI-Bureau of International Trade Relations, said they want the renewal of the EU Generalised Scheme of Preferences Plus (GSP+) as "it benefits a lot of industries, a lot of areas in the Philippines". The current EU GSP+ scheme, which allows for the duty-free entry of 6,274 Philippine products into Europe, will expire by th...
Source: philippinetimes.com