EU PARLIAMENT WANTS TO STRIKE DOWN PHILIPPINES’ ZERO-TARIFF EXPORT STATUS
Due to the “deteriorating” human rights situation in the Philippines, the European Parliament is pushing for the revocation of the country’s export tariff exemption.
Under the Generalized Scheme of Preferences Plus (GSP+) – a mechanism that gives developing countries the privilege of exporting zero-duty merchandise to EU-member states – some of the Philippine exports to Europe are benefitting from tariff breaks.
In a resolution dated September 17, the European Union’s legislative assembly said that “given the seriousness of the human rights violations in the country, calls on the European Commission, in the absence of any substantial improvement and willingness to cooperate on the part of the Philippine authorities, to immediately initiate the procedure which could lead to the temporary withdrawal of GSP+ preferences.”
In the case of the Philippines, the GSP+ covers 6,274 locally-made products.