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Doing Business With The EU Using GSP+


"Made in the Philippines" gets boost from EU-GSP+; DTI conducts info sessions for exporters

 

Philippine producers can now export more than 6,000 products to any of the 28 member countries of the European Union (EU) at zero tariff using the Generalized System of Preferences Plus (GSP+). Products that may avail of the duty free access include coconut and marine products, processed fruit, prepared food, animal and vegetable fats and oils, textiles, garments, headwear, footwear, furniture, umbrellas, and chemicals.

The Philippines, currently the only country in ASEAN to be accepted in the scheme, applied for the scheme last year and was accepted formally into the EU-GSP+ on December 19, 2014.

Every last Thursday of the month from January to June 2015, DTI sessions on Doing Businessess with the EU using GSP+ will be held at the DTI International Building, 375 Senator Gil Puyat Avenue, Makati city. For other schedules, inquire at the DTI-Export Marketing Bureau (EMB) telephone number 02-465 3300; email This email address is being protected from spambots. You need JavaScript enabled to view it. This email address is being protected from spambots. You need JavaScript enabled to view it. or visit www.industrytradephilippines.com

The EU Export Helpdesk also developed http://exporthelp.europa.eu?portal to assist exporters. For more information, please visit http://exporthelp.europa.eu/thdapp/index.htm?or email your questions at This email address is being protected from spambots. You need JavaScript enabled to view it.


Trade Philippines

What is the GSP+

The GSP+ is a special incentive trade arrangement for the Implementation of 27 international conventions on labor and human rights, environmental protection and good governance. This comes in the form of zero duties and offers a more generous scheme of preferences compared to the regular GSP.

It has a larger coverage of 6,274 products, compared to the 6,209 products under the regular GSP, of which, only 2,442 are subject to zero duty while 3,767 have reduced tariffs.


Benefits of the GSP+ on the Philippines

Philippine exports to the EU is expected to increase within the first year of implementation of the GSP+ scheme, as more products will be accorded zero duty. According to a study made by the Department of Trade and Industry (DTI), Philippine exports under GSP+ will increase by ?611.8M during the first three years of availment.

The products expected to benefit most from zero tariff are:

Product? Regular GSP? GSP Plus?
Tuna 20% 0%
Pineapple 15% 0%
Bicycles 10.5% 0%
Textiles and garments 9.6% 0%
Footwear, headwear, umbrellas 9.6% 0%

The projected increase in exports will translate to more than 200,000 new jobs generated in both the agriculture and manufacturing sectors. Many of these new jobs will be created in the rural areas.

 

Published: 09 February 2015

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