Philippine apparel and footwear industry cannot benefit from TPP
According to a report by the Philippines’ “Business Mirror” on April 14, Philippine exporters believe that it is difficult for local garment and shoe manufacturers to meet the requirements of overseas importers under the US-led TPP agreement. Sergey Odis Luis Jr., chairman of the Philippine Export Federation, said the World Bank may have misjudged the Philippines’ domestic difficulties. The World Bank report mentioned that the Philippines’ apparel and footwear industry exports will drop by 19% due to market competition among TPP members. Segil believes that the problem in the clothing and shoe industries is not in the market, but in the production process. It is difficult for producers to meet the production requirements of importing countries such as the United States. Segier also mentioned that exporters are optimistic about the “Generalized System of Preferences+” program (GSP+) with the EU, believing that it can promote trade. The “Generalized System of Preferences+” program between the Philippines and the EU started in December 2014. Under this framework, about 6,200 tariff lines of goods exported by the Philippines to the EU can enjoy zero-rate treatment. Philippine apparel and footwear industry cannot benefit from TPP
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