Philippines added to European Union GSP+ scheme
The Federation of the European Sporting Goods Industry (FESI) has welcomed the European Parliament's decision to approve duty-free access to EU markets for the Philippines.
In its plenary vote this week, the European Parliament joined EU Member States in endorsing the European Commission's proposal to include the Philippines under the EU's Generalised System of Preferences Plus (GSP+).
Prior to the vote, the Philippines already benefited from the standard GSP scheme, which gives exporters from developing countries access to EU markets by reducing or eliminating tariffs. The ‘plus' status will mean the complete removal of tariffs on virtually all remaining export products falling under the scheme - some 6,274 in total. This, the FESI says, represents a "tremendous boon" for the Philippines economy.
The granting of GSP+ status is contingent on a country's ratification and successful implementation of core international conventions relating to human and labour rights, the environment and good governance.
Reacting to the EP plenary vote, Alberto Bichi, FESI secretary general, said: "The European Parliament has taken the right step today in extending GSP+ status to the Philippines. The decision will create thousands of jobs and help the Philippines continue down the path of sustainable growth and development while building on its international commitments. The enhanced trade relationship will also facilitate the European sporting goods industry's access to quality sourcing options, boosting our industry's competitiveness and reducing manufacturing costs to the benefit of European consumers".
Help test our new apparel sourcing tool.
- Trump and the apparel industry – Infographic
- $1.7bn package to boost Pakistan clothing exports
- Mexico riots hit apparel retailers and shipments
- Outlook 2017 – What next for apparel sourcing?
- Britain’s Brexit plans prioritise tariff-free trad
- Cambodia clothing exports at risk from Brexit
- MAS Holdings planning second industrial park
- Apparel brands urge Bangladesh PM to address wages
- American Apparel to shutter all stores?
- JC Penney latest retailer to shutter stores?
- Global apparel markets: product developments and innovations, October 2016
- Anti-odour clothing: fresh fashion for an active lifestyle
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022