Pursuing a free trade agreement (FTA) with the European Union and renewal of the General System of Preferences (GSP) Plus could greatly benefit locators at the Philippine Economic Zone Authority (Peza).
PURSUING a free trade agreement with the European Union and renewal of the General System of Preferences Plus could greatly benefit locators at the Philippine Economic Zone Authority .
Panga said an FTA and the renewal of the GSP+ will help Philippine exporters wanting to access the European market to get help with compliance in terms of permits needed to access specific EU markets. Panga said Peza is getting a lot of interest from the Middle East in terms of agro-industries such as the manufacture of fertilizer.
Earlier, Trade and Industry Secretary Alfredo E. Pascual said the Department of Trade and Industry will exert “all efforts possible” to finish the formal negotiations on the trade agreement between the Philippines and the European Union before the end of the administration of President Ferdinand R. Marcos Jr.
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