eseoulpost
BusinessPhilippines
PHL a competitive hub for Chinese biz to access EU, US markets
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2017.07.10  
트위터 페이스북 미투데이 요즘 네이버 구글 msn
   

MANILA, July 9 -- Chinese investors are urged to make the Philippines as their manufacturing hub for better access to markets of European Union (EU) and the United States (US).

During a China-Philippines Business Opportunities Matching Conference here last Friday, told the business delegation from Dezhou City of Shandong Province that the Philippines benefits from the preferential tariff systems from EU and the US, which makes the country more competitive to export to these markets.

Rodolfo said Chinese businesses can take advantage of better tariff in the Philippines in exporting to EU and the US than exporting from China.

This is because a number of Chinese products are facing trade remedies in the EU, while the Trump administration is pursuing trade measure that would affect China and other countries which the US has USD10-billion trade deficit.

With the Generalised Scheme of Preferences Plus (GSP+) granted by EU to the Philippines in 2014, some 6,274 products from the country can enter the EU market duty-free.

For instance, bicycles, solar panels, and leather goods made in the Philippines exported to the EU have zero tariff.

However, the same products coming from China enter the EU market at most favored nation (MFN) rate of 14 percent for bicycles, 2.7 percent for solar panels, and 2.5 percent for leather.

 

But with the anti-dumping trade measure faced by China, the same products entering the EU will be slapped with higher tariffs at 48.5 percent for bicycles, 44.7 percent for solar panels, and 58.9 percent for leather.

 

Moreover, China is among the countries that will be affected as US President Donald Trump is pursuing trade measures to nations which the US has USD10-billion deficit.

Included in the list of countries which the US has trade deficit are Canada, China, India, Japan, Mexico, South Korea, Switzerland, Taiwan as well as the EU. Also included in the list are Southeast Asian countries such as Indonesia, Malaysia, Thailand, and Vietnam.

Rodolfo noted that aside from the country is not targeted by the planned trade measures by the US government, the Philippines started to enjoy the expanded Generalized System of Preferences (GSP) last July 1.

This is after the US Trade Representative (USTR) approved the Philippine government’s petition to expand the GSP extending the coverage to 23 new tariff lines including travel goods such as apparels, bags, wallets, backpacks, luggage, and sport and travel bags.

This expands products made in the Philippines entering the US market duty-free up to 80 percent from 70 percent.

The trade official stressed that Chinese manufacturers exporting to US will be more competitive than making the products in other neighboring countries.

“Because if you invest in the Philippines, you are not just investing to take advantage of the fastest growing economy in the world, but more importantly you are investing so that to take advantage of the other countries in which the Philippines is an integral part

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
Local Press: UAE sets a precedent in banking on health and education
2
Seoul housing prices higher than Tokyo: report
3
PHL plans to spend $23 bil. on tourism infrastructure for next 5 years
4
PM Trudeau looks forward to launch of BHAF in Canada
5
PH likely to sustain economic momentum
6
Tourism Sec. Teo attends opening of 14th Feng Shui Convention
7
Kimjang Fest of ROK-US Good Neighbors slated for Nov.24
8
Rare 5.4-magnitude earthquake strikes southeastern Korea
9
Arab foreign ministers entrust Arab Group in New York to address SC on Iran's violations
10
Women in Energy conference highlights growing role of women in oil and gas workforce
Photo News Green Biz
UAE Council for Climate Change and Environment convenes third meeting
UAE Council for Climate Change and...
min
National Climate Change Plan builds on the existing policy for green growth, sustainable development in UAE, says Al Zeyoudi
National Climate Change Plan build...
min
Global platform for smart & sustainable cities officially  launched in Seoul
Global platform for smart & sustai...
min
Global platform for smart & sustainable cities to be launched by World Green Economy Organisation (WGEO) in Seoul on May 23
Global platform for smart & sustai...
min
50 successfully rehabilitated sea turtles released for Endangered Species Day
50 successfully rehabilitated sea ...
min
Photo News Sports
Korea bags 3rd gold in Asian Youth Bowling Tilt
Korea bags 3rd gold in Asian Youth...
min
Sharjah's Arab Women Sports Tournament holds preparatory meeting
Sharjah's Arab Women Sports Tourna...
min
S. Korean Ji Eun-hee captures 1st LPGA win in 8 years
S. Korean Ji Eun-hee captures 1st ...
min
President Moon promises full support for PyeongChang Paralympic Games
President Moon promises full suppo...
min
N. Korea submitted document to IPC for PyeongChang Paralympics participation in May: S. Korean FM
N. Korea submitted document to IPC...
min
UAE Jiu-Jitsu U15 Team returns with 18 medals from World Cup in Montenegro
UAE Jiu-Jitsu U15 Team returns wit...
min
S. Korea qualify for 9th consecutive FIFA World Cup
S. Korea qualify for 9th consecuti...
min
Veteran midfielder determined to set up strikers in World Cup qualifiers
Veteran midfielder determined to s...
min
Photo News World
Korea bags 3rd gold in Asian Youth Bowling Tilt
Korea bags 3rd gold in Asian Youth...
min
Sharjah's Arab Women Sports Tournament holds preparatory meeting
Sharjah's Arab Women Sports Tourna...
min
S. Korean Ji Eun-hee captures 1st LPGA win in 8 years
S. Korean Ji Eun-hee captures 1st ...
min
President Moon promises full support for PyeongChang Paralympic Games
President Moon promises full suppo...
min
N. Korea submitted document to IPC for PyeongChang Paralympics participation in May: S. Korean FM
N. Korea submitted document to IPC...
min
UAE Jiu-Jitsu U15 Team returns with 18 medals from World Cup in Montenegro
UAE Jiu-Jitsu U15 Team returns wit...
min
S. Korea qualify for 9th consecutive FIFA World Cup
S. Korea qualify for 9th consecuti...
min
Veteran midfielder determined to set up strikers in World Cup qualifiers
Veteran midfielder determined to s...
min
Photo News Opinion
IMF upgrades S. Korea's economic growth outlook to 3.2 pct this year
IMF upgrades S. Korea's economic g...
min
Ex-president slams probes into political maneuvering scandals
Ex-president slams probes into pol...
min
Global market improvements fuel upturn in S. Korea economy under President Moon
Global market improvements fuel up...
min
Renegade lawmakers rejoin main opposition party
Renegade lawmakers rejoin main opp...
min
Interior minister vows toughened security during Trump visit
Interior minister vows toughened s...
min
Police to place forces on highest-level alert during Trump's visit
Police to place forces on highest-...
min
Main opposition party decides to deprive Park of membership
Main opposition party decides to d...
min
Defense Security Command chief pledges political neutrality
Defense Security Command chief ple...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com