Philippines Ready to Join EU’s New Duty-Free Trading Scheme

The Philippines is moving towards joining the European Unions?s new duty-free scheme, known as the EU Generalized System of Preferences Plus (GSP+). ?The country already benefits from the regular EU GSP under which 2,442 products can be exported tariff free. But if they are accepted to the GSP+ this would increase to 6,274 products, adding an estimated 611.8 million euros in exports to the Philippines? economy! ?To learn more Click here.?