Phl hopes to conclude tariff negotiations with US by 2026

The Philippine government is hopeful it can conclude ongoing tariff negotiations with the United States by next year, according to the Department of Trade and Industry (DTI).

- By LOUELLA DESIDERIO

During the Senate committee on finance hearing on the DTI’s proposed budget , Trade Undersecretary Allan Gepty said the government hopes to conclude the ongoing negotiations with the US in relation to the 19 percent tariff being imposed on Philippine exports by next year.

“Based on our last discussion, we're looking at by next year, this will be completed. As to when next year, of course I could not give a definite period,” he said.

The 19-percent tariff took effect on Aug. 7.

Earlier, Trade Secretary Cristina Roque said the Philippines is seeking an exemption for coconut exports from the 19 percent tariff imposed by the US.