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EU GSP Utilization Hits Record-High 80% in 2024
May 15, 2025
|The Philippine Star
The country's utilization of the European Union (EU)'s trade preference scheme continued to increase, hitting its highest level last year.
Amid global uncertainty stemming from the United States' tariffs on trade partners, the EU sees the need to accelerate talks for a free trade agreement (FTA) with the Philippines.
Speaking at the Makati Business Club's general membership meeting last Tuesday, EU Ambassador Massimo Santoro said the Philippines' utilization of the EU Generalized Scheme of Preferences Plus (GSP+) reached an all-time high of 80 percent in 2024.
He said the Philippines has been showing an upward trend in GSP+ utilization over the years, with the level of use at around 73 to 77 percent.
هذه القصة من طبعة May 15, 2025 من The Philippine Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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