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RCEP tariff may boost textile exports from Philippines to China

23 May '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • China is set to apply tariff rates agreed under the Regional Comprehensive Economic Partnership (RCEP) to certain imports from the Philippines from June 2, 2023, potentially increasing textile imports.
  • Although China is currently a net exporter of textiles to the Philippines, these new preferential duties could boost Filipino textile exports to China.

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