Philippines seeks inclusion of garments in US GSP once renewed
15 Jun 23 1 min read
Insights
- The Philippines wants its garment exports to be included in the US Generalized System of Preferences (GSP) as it is pushing for its renewal.
- This goal is part of the updated Philippine Export Development Plan, to be launched today, as efforts are being made to help the struggling domestic industry.
- The Philippines' eligibility to the US GSP expired in 2020.
The Philippines’ eligibility to the US GSP had expired in 2020, but the country is pushing for its renewal.
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“We want our garments to be competitive in the US market by giving [this to] our producers here, our exporters here—putting them on a level playing field with garments from the Americas,” Philippine trade secretary Alfredo Pascual was quoted as telling reporters recently.
Including garments in the US GSP would boost the industry and create more jobs because of its labour-intensive trait, he added.
The US trade preference programme offers zero duties to 3,500 Philippine exports.
Fibre2Fashion News Desk (DS)
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