Poging GOUD - Vrij
Exporters raise concerns, seek more gov't support
The Philippine Star
|May 11, 2025
AMID TARIFF WOES
During an online forum organized by the Philippine Manufacturing Team, Confederation of Wearable Exporters of the Philippines executive director Maritess Jocson-Agoncillo said the group is pushing for sectoral negotiations with the US, which is exposed to high tariffs and governed by the rules of origin regime.
She said the average tariffs on Philippine travel goods range from eight to 20 percent, while tariffs on apparel are between 15 and 32 percent.
For footwear exports from the Philippines, the average tariffs range from 15 to 37.5 percent.
"If the garment, apparel sector would be negotiated by the US on a sectoral basis, then we stand a chance to benefit from this," Agoncillo said.
She said the industry could also benefit from the country's geographic location, as neighbors Vietnam, Cambodia and Myanmar, which also export footwear and apparel, could face US non-tariff barriers due to concerns on potential movement of Chinese goods through their borders.
"If we really get favored, it's an inflection point," Agoncillo said.
Prior to the 90-day pause on the reciprocal tariffs and lowering of the levy to 10 percent for most countries, the US imposed a 17-percent reciprocal tariff on Philippine exports, the second lowest in Southeast Asia.
Dit verhaal komt uit de May 11, 2025-editie van The Philippine Star.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The Philippine Star
The Philippine Star
Investors optimistic despite 2025 setbacks
Investment promotion agencies are looking ahead to 2026 with optimism, citing a strong pipeline of investment pledges for evaluation, even as they report a mixed outlook on investment approvals for this year, amid global and domestic headwinds that are affecting investor sentiment.
5 mins
December 19, 2025
The Philippine Star
Milk production up 14% from Jan to Sept
Milk production in the Philippines reached 26.05 million liters in the nine months to September from 22.83 million liters a year, according to the National Dairy Authority (NDA).
1 min
December 19, 2025
The Philippine Star
2025: A roller-coaster ride for Phl economy
The year at best is a complicated one, the fifth since pandemic and one of guarded optimism and resilience amid mounting fiscal and external pressures.
6 mins
December 19, 2025
The Philippine Star
Doctors Aivee & Z Teo: What's in a lift?
For celebrity doctors and super parents Doctors Aivee and Z Teo, the most uplifting technique — the one that keeps you forever young — doesn't come from surgical procedures.
3 mins
December 19, 2025
The Philippine Star
Aboitiz Equity Ventures leads the group's transformation into a techglomerate
Building on a legacy that spans over a century, the Aboitiz Group is charting the next chapter of its evolution to become the Philippines' first techglomerate.
3 mins
December 19, 2025
The Philippine Star
THE GR COROLLA IS PROOF OF TOYOTA'S PUSH FOR EVER MORE EXCITING CARS
GR COROLLA
2 mins
December 19, 2025
The Philippine Star
Megaworld boosting portfolio for MREIT
Property giant Megaworld Corp. continues to bolster the portfolio of its real estate investment trust, MREIT Inc., with the injection of more office assets worth P16.22 billion.
1 min
December 19, 2025
The Philippine Star
ONE WORLD DELI: AN ENLIGHTENED FOOD EMPORIUM
Quezon City has always been a paradise for foodies because of the sheer number and variety of good places to eat, catering to all pockets and tastes.
3 mins
December 19, 2025
The Philippine Star
EDC allots P19 B for 2026 capex
Lopez-led Energy Development Corp. (EDC) is setting aside P19 billion to fund its geothermal expansion in the Philippines and abroad, according to a top executive.
1 mins
December 19, 2025
The Philippine Star
PBBM says 'Hail Alma Mater'
President Marcos greeted the De La Salle Green Archers for bagging the UAAP Season 88 men's basketball crown, describing their feat as \"well-deserved.
1 min
December 19, 2025
Listen
Translate
Change font size
