Phl seeks exemption for coconut exports from US reciprocal tariff

The Philippines is seeking an exemption for coconut exports from the reciprocal tariff imposed by the United States, according to the Department of Trade and Industry (DTI).

- — Louella Desiderio

"We are seeking exemption from reciprocal tariff for Philippine key products including coconut and its derivative products," Trade Secretary Cristina Roque told reporters.

Coconut exports to the US are among those being slapped with the 19 percent reciprocal tariff that took effect on Aug. 7.

Last year, coconut oil was the Philippines' top agricultural export to the US, generating $558.7 million.