ECCP hails European Commissions proposed extension of GSP FTA to Phl

The ECCP welcomes the proposal of the European Commission to extend the EU GSP+ grant to the Philippines. The Philippines has indeed greatly benefited from such a  scheme. With a 77% utilisation rate, EUR 2.93 billion euros worth of Philippine products  were exported to the EU using GSP+ last year based on the data of the Philippines Department of Trade and Industry. Among the top exports to the EU include crude coconut oil, tuna, pineapple, other agriculture products, among others.  

Furthermore, the Chamber wishes to underscore the urgency and importance of a timely  and successful conclusion of the EU-Philippines FTA. This can and will lead to improved  trade and investment opportunities, ultimately resulting in economic diversification, increased market competitiveness and openness, better employment prospects, and  innovation and technological advancements. Such a deal would also help contribute towards achieving a greener, more inclusive, and sustainable Philippines. 

In the recent months, the Philippine government has also identified the recommencement  of the EU-PH FTA talks as among its top priorities. This strong sense of urgency is shared  by the European-Philippine business community as evident in the results of the recently  conducted ECCP FTA survey during the first half of 2023.  

With close to 200 respondents, the figures below reveal the sentiments of the European Philippine business community towards the timely and successful conclusion of the EU PH FTA. The results of the said survey are as follows:  

• 80% of the respondents sees the importance of the resumption of the EU-PH FTA  talks.  

• 81% of the respondents holds the conclusion of the EU-PH FTA talks of significant  importance for their respective company and business strategies.  

• This shows a strong appetite for the recommencement and conclusion of EU-PH FTA  talks. The ECCP continues to advocate for the timely conclusion of the said FTA deal.  • If concluded, about 83% of the respondents anticipates heavy utilization of the EU-PH  trade deal. 

• About 42% of the respondents expect to use the deal for trade in goods while 23% will  use it for trade in goods and services, 26% will use it for trade in services. About 9%  are unsure of how they shall use the deal when in effect.  

• Sourcing location as well as priority-end markets were identified as the key factors  for the development of an FTA optimization strategy of the respondents’ respective  firms.  

• Respondents identified the following FTA chapters as of utmost relevance to them:  trade in goods, customs and trade facilitation, trade in services, investments, as well  as trade and sustainable development (TSD). 

• Among the identified major bottlenecks in trade are onerous customs and  administrative procedures, charges on imports, license requirements, red tape, among  others.

ECCP’s statement on the European Commission’s proposed extension of the EU  GSP+ and the EU-PH Free Trade Agreement 

6 July 2023 

The ECCP welcomes the proposal of the European Commission to extend the EU GSP+ grant to the Philippines. The Philippines has indeed greatly benefited from such a  scheme. With a 77% utilisation rate, EUR 2.93 billion euros worth of Philippine products  were exported to the EU using GSP+ last year based on the data of the Philippines  Department of Trade and Industry. Among the top exports to the EU include crude  coconut oil, tuna, pineapple, other agriculture products, among others.  

Furthermore, the Chamber wishes to underscore the urgency and importance of a timely  and successful conclusion of the EU-Philippines FTA. This can and will lead to improved  trade and investment opportunities, ultimately resulting in economic diversification,  increased market competitiveness and openness, better employment prospects, and  innovation and technological advancements. Such a deal would also help contribute  towards achieving a greener, more inclusive, and sustainable Philippines. 

In the recent months, the Philippine government has also identified the recommencement  of the EU-PH FTA talks as among its top priorities. This strong sense of urgency is shared  by the European-Philippine business community as evident in the results of the recently  conducted ECCP FTA survey during the first half of 2023.  

With close to 200 respondents, the figures below reveal the sentiments of the European Philippine business community towards the timely and successful conclusion of the EU PH FTA. The results of the said survey are as follows:  

• 80% of the respondents sees the importance of the resumption of the EU-PH FTA  talks.  

• 81% of the respondents holds the conclusion of the EU-PH FTA talks of significant  importance for their respective company and business strategies.  

• This shows a strong appetite for the recommencement and conclusion of EU-PH FTA  talks. The ECCP continues to advocate for the timely conclusion of the said FTA deal.  • If concluded, about 83% of the respondents anticipates heavy utilization of the EU-PH  trade deal. 

• About 42% of the respondents expect to use the deal for trade in goods while 23% will  use it for trade in goods and services, 26% will use it for trade in services. About 9%  are unsure of how they shall use the deal when in effect.  

• Sourcing location as well as priority-end markets were identified as the key factors  for the development of an FTA optimization strategy of the respondents’ respective  firms.  

• Respondents identified the following FTA chapters as of utmost relevance to them:  trade in goods, customs and trade facilitation, trade in services, investments, as well  as trade and sustainable development (TSD). 

• Among the identified major bottlenecks in trade are onerous customs and  administrative procedures, charges on imports, license requirements, red tape, among  others.

ECCP’s statement on the European Commission’s proposed extension of the EU  GSP+ and the EU-PH Free Trade Agreement 

6 July 2023 

The ECCP welcomes the proposal of the European Commission to extend the EU GSP+ grant to the Philippines. The Philippines has indeed greatly benefited from such a  scheme. With a 77% utilisation rate, EUR 2.93 billion euros worth of Philippine products  were exported to the EU using GSP+ last year based on the data of the Philippines  Department of Trade and Industry. Among the top exports to the EU include crude  coconut oil, tuna, pineapple, other agriculture products, among others.  

Furthermore, the Chamber wishes to underscore the urgency and importance of a timely  and successful conclusion of the EU-Philippines FTA. This can and will lead to improved  trade and investment opportunities, ultimately resulting in economic diversification,  increased market competitiveness and openness, better employment prospects, and  innovation and technological advancements. Such a deal would also help contribute  towards achieving a greener, more inclusive, and sustainable Philippines. 

In the recent months, the Philippine government has also identified the recommencement  of the EU-PH FTA talks as among its top priorities. This strong sense of urgency is shared  by the European-Philippine business community as evident in the results of the recently  conducted ECCP FTA survey during the first half of 2023.  

With close to 200 respondents, the figures below reveal the sentiments of the European Philippine business community towards the timely and successful conclusion of the EU PH FTA. The results of the said survey are as follows:  

• 80% of the respondents sees the importance of the resumption of the EU-PH FTA  talks.  

• 81% of the respondents holds the conclusion of the EU-PH FTA talks of significant  importance for their respective company and business strategies.  

• This shows a strong appetite for the recommencement and conclusion of EU-PH FTA  talks. The ECCP continues to advocate for the timely conclusion of the said FTA deal.  • If concluded, about 83% of the respondents anticipates heavy utilization of the EU-PH  trade deal. 

• About 42% of the respondents expect to use the deal for trade in goods while 23% will  use it for trade in goods and services, 26% will use it for trade in services. About 9%  are unsure of how they shall use the deal when in effect.  

• Sourcing location as well as priority-end markets were identified as the key factors  for the development of an FTA optimization strategy of the respondents’ respective  firms.  

• Respondents identified the following FTA chapters as of utmost relevance to them:  trade in goods, customs and trade facilitation, trade in services, investments, as well  as trade and sustainable development (TSD). 

• Among the identified major bottlenecks in trade are onerous customs and  administrative procedures, charges on imports, license requirements, red tape, among  others.

ECCP’s statement on the European Commission’s proposed extension of the EU  GSP+ and the EU-PH Free Trade Agreement 

6 July 2023 

The ECCP welcomes the proposal of the European Commission to extend the EU GSP+ grant to the Philippines. The Philippines has indeed greatly benefited from such a  scheme. With a 77% utilisation rate, EUR 2.93 billion euros worth of Philippine products  were exported to the EU using GSP+ last year based on the data of the Philippines  Department of Trade and Industry. Among the top exports to the EU include crude  coconut oil, tuna, pineapple, other agriculture products, among others.  

Furthermore, the Chamber wishes to underscore the urgency and importance of a timely  and successful conclusion of the EU-Philippines FTA. This can and will lead to improved  trade and investment opportunities, ultimately resulting in economic diversification,  increased market competitiveness and openness, better employment prospects, and  innovation and technological advancements. Such a deal would also help contribute  towards achieving a greener, more inclusive, and sustainable Philippines. 

In the recent months, the Philippine government has also identified the recommencement  of the EU-PH FTA talks as among its top priorities. This strong sense of urgency is shared  by the European-Philippine business community as evident in the results of the recently  conducted ECCP FTA survey during the first half of 2023.  

With close to 200 respondents, the figures below reveal the sentiments of the European Philippine business community towards the timely and successful conclusion of the EU PH FTA. The results of the said survey are as follows:  

• 80% of the respondents sees the importance of the resumption of the EU-PH FTA  talks.  

• 81% of the respondents holds the conclusion of the EU-PH FTA talks of significant  importance for their respective company and business strategies.  

• This shows a strong appetite for the recommencement and conclusion of EU-PH FTA  talks. The ECCP continues to advocate for the timely conclusion of the said FTA deal.  • If concluded, about 83% of the respondents anticipates heavy utilization of the EU-PH  trade deal. 

• About 42% of the respondents expect to use the deal for trade in goods while 23% will  use it for trade in goods and services, 26% will use it for trade in services. About 9%  are unsure of how they shall use the deal when in effect.  

• Sourcing location as well as priority-end markets were identified as the key factors  for the development of an FTA optimization strategy of the respondents’ respective  firms.  

• Respondents identified the following FTA chapters as of utmost relevance to them:  trade in goods, customs and trade facilitation, trade in services, investments, as well  as trade and sustainable development (TSD). 

• Among the identified major bottlenecks in trade are onerous customs and  administrative procedures, charges on imports, license requirements, red tape, among  others.

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