| RCEP tariff may boost textile exports from Philippines to China
23 May 23 2 min read
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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