Home / Knowledge / News / Apparel/Garments / EU urges Philippines to better utilise GSP+ benefits

EU urges Philippines to better utilise GSP+ benefits

07
Feb '19
EU urges Philippines to better utilise GSP+ benefits
European Union (EU) ambassador to the Philippines Franz Jessen recently urged the country’s exporters to utilise better the benefits of the generalized scheme of preferences plus (GSP+) as exports from there to Europe are almost at the same level as before and are not rising. The country should focus on raising agricultural exports to EU and their quality, he said.

Citing data from Eurostat, Jessen said Philippine exports to the EU from January to November last year grew a meagre 2 per cent to €7.2 billion, an estimated 25 per cent of which were goods covered under GSP+.

Agricultural exports to Europe in the 11-month period fell 10 per cent, while electronic and semiconductor parts remain the country’s top products to the EU, a newspaper reported quoting the ambassador.

Exporters are in a perfect position to increase receipts to Europe, the EU diplomat argued, as the Philippines is the only country in Southeast Asia with GSP+ status.

The GSP+ is a trade privilege that allows the entry of 6,274 Philippine products to EU economies at zero duty.

In January last year, about P120 billion worth of exports benefited from GSP+, mostly in the food and agricultural sectors, Jessen said.

The annual review of the GSP+, which will indicate how the Philippines fared in complying with its commitments, will be issued soon, he said. In the previous appraisal, good progress was observed in the environmental and labour rights issues, the envoy added. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Retail | On 1st Dec 2020

British retailer Arcadia enters into administration

UK clothing retail group Arcadia recently entered into administration ...

Pic: Fashion For Good

Textiles | On 1st Dec 2020

Fashion For Good launches Viscose Traceability Project

Fashion for Good, a global initiative to make all fashion good, has...

Pic: European Commission

Textiles | On 1st Dec 2020

Croatian, Belgian, Romanian firms win EUSIC challenge

Snake, a Croatian platform that enables users to wear outfits in...

Interviews View All

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Textile industry, Head honchos

Textile industry
Head honchos

Athleisure is the current buzzword in fashion

Matthias Eilert,

Matthias Eilert

Germany-based Forbo Movement Systems division is a global leader in...

Alon Moshe,

Alon Moshe

Israel-based Twine Solutions is a technology start-up that has developed a ...

Christiane Thies,

Christiane Thies

Founded in 1892, Thies has concentrated on the fabrication of high-quality ...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search