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EU GSP Utilization Hits Record-High 80% in 2024
The Philippine Star
|May 15, 2025
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.
यह कहानी The Philippine Star के May 15, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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