Philippine exports under the Generalized Scheme of Preference (GSP) will continue to enter the United Kingdom tariff-free this year through its own GSP, the Department of Trade and Industry (DTI) said.
The UK GSP replicates the market access and benefits provided by the European Union’s GSP+. The Philippines is included in the UK GSP’s Enhanced Framework, its counterpart of EU GSP+.
“The Philippines considers the United Kingdom as one of its major trading partners. We appreciate the inclusion of our country in the UK GSP and we are looking forward to resuming trade under this system,” said Trade Undersecretary Abdulgani Macatoman.
While the UK voted to leave the EU bloc in 2016,…
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