THE British Chamber of Commerce of the Philippines (BCCP) said the UK remains focused on deepening its trade relationships despite the departure of two Prime Ministers in rapid succession.
BCCP Executive Director Chris Nelson said on the sidelines of the 2022 European-Philippine Business Dialogue in Makati City on Nov. 14 that the UK continues to explore trade arrangements with various countries.
“We would welcome even further contacts. President Marcos has good ties with the UK as he went to Oxford. I think it would be good to see more Philippine delegations or officials going to the UK to promote investments,” he added.Meanwhile, European Union representatives in the Philippines said the bloc remains interested in establishing a free trade agreement with the Philippines.
“The EU remain interested in an FTA but we feel that not all elements are in place yet,” Mr. Veron said. According to Mr. Veron, Philippine compliance with the EU’s terms for remaining in the Generalized Scheme of Preferences Plus remains a fundamental factor in the commission’s ultimate decision.GSP+ allows the Philippines to enjoy zero tariffs on 6,274 products or 66% of all EU tariff lines. The Philippines posted a record GSP+ utilization rate of 76% last year.
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