The European Council has welcomed the Philippines’ push to pursue a free trade agreement (FTA) with the trade bloc and bolster the country’s Generalized Scheme of Preferences Plus (GSP+) accreditation, Malacañang said.
The European Council has welcomed the Philippines’ push to pursue a free trade agreement with the trade bloc and bolster the country’s Generalized Scheme of Preferences Plus accreditation, Malacañang said.
“Let’s work on it,” Von der Leyer told Marcos, referring to talks on the renewal of the country’s GSP+ status. In his remarks at the Philippines-EU business roundtable, Marcos noted that the Philippines is “the only ASEAN country to benefit from the EU GSP Plus.” Before the Philippines applied for the GSP+, it was using the Standard GSP. In 2012, and out of 140 beneficiaries, the Philippines was the 20th largest user of this scheme.
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