Denemek ALTIN - Özgür
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.
Bu hikaye The Philippine Star dergisinin May 11, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
The Philippine Star'den DAHA FAZLA HİKAYE
The Philippine Star
Deadlock on DPWH budget stalls bicam
Bicameral talks on the proposed 2026 national budget hit a deadlock and were postponed yesterday after senators refused to back down on P45 billion worth of cuts to what they described as overpriced public works items, Senate finance committee chair Sherwin Gatchalian announced.
4 mins
December 16, 2025
The Philippine Star
UN treaty eyed in search for Co
The Marcos administration is open to tapping an anti-corruption convention of the United Nations to track down fugitive resigned lawmaker Zaldy Co, who has been charged with graft and malversation of public funds over an anomalous flood control project.
1 min
December 16, 2025
The Philippine Star
SINAGLARAWAN 3: CAPTURING LIFE'S FLEETING MOMENTS
All was calm with not a ripple in the sea when suddenly, the fisherfolk of the sleepy town of Angono woke up to find their quiet lives stirred up and changed forever.
4 mins
December 16, 2025
The Philippine Star
SEC reportorial requirements simplified for micro businesses
The Securities and Exchange Commission (SEC) is moving to simplify the reportorial requirements of micro enterprises.
2 mins
December 16, 2025
The Philippine Star
A homage and a wish for women
An essential part of my remote parenting task is to talk and check on my children every day. With a highly opinionated daughter and a reticent son, distinct communication strategies and times apply.
4 mins
December 16, 2025
The Philippine Star
SEARCA unveils 5-year plan to modernize agri in SE Asia
The Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA) has launched its latest five-year development plan, aiming to modernize farming across Southeast Asia and boost productivity through innovation and sustainable practices.
1 mins
December 16, 2025
The Philippine Star
Christmas break from Dec. 20 to Jan. 4 - DepEd
Students will have a 16-day Christmas break from Dec. 20 until Jan. 4, the Department of Education (DepEd) announced yesterday.
1 mins
December 16, 2025
The Philippine Star
Remittances climb 3% to $3.2 B in Oct
Over $29 B sent by overseas Pinoys since January
2 mins
December 16, 2025
The Philippine Star
Nats barely get past gutsy Viets
Reigning champion Gilas Pilipinas shrugged off another slow start and survived a scare from winless Vietnam, 78-67, to barge into the Final Four of the 33rd Southeast Asian Games men’s basketball yesterday at the Nimibutr Stadium in Bangkok.
2 mins
December 16, 2025
The Philippine Star
IMF downgrades Phl growth outlook
The International Monetary Fund (IMF) downgraded its full-year economic outlook for the country after a sharper-than-expected slowdown in the third quarter, noting that US tariffs continue to weigh on exports and investment.
1 mins
December 16, 2025
Listen
Translate
Change font size
