The Philippines is set to gain from the Developing Countries Trade Scheme (DCTS), a unilateral trade arrangement implemented by the United Kingdom, as it is set to be launched within the second quarter of 2023, Trade Secretary Alfredo E. Pascual said.
THE Philippines is set to gain from the Developing Countries Trade Scheme , a unilateral trade arrangement implemented by the United Kingdom, as it is set to be launched within the second quarter of 2023, Trade Secretary Alfredo E. Pascual said.
Pascual said the UK, which is not a member of the European Union , will be launching the DCTS within the second quarter of the year in the Philippines.According to a news report, UK Prime Minister’s Trade Envoy to Asean Richard Graham had noted that preparations are under way for UK’s DCTS. In a statement by the Department of Trade and Industry in April, Pascual said the Trade department has been working closely with the UK Government for the past years to ensure that “not only do we maintain the same level of access to the UK market, similar to the EU GSP+ but to also pose improvements through simpler rules and procedures, including the Rules of Origin.”
This “extended” coverage will include agricultural products such as tomatoes, olive oil, pet food, milk and cream, yogurt, cheese, flour, grains, and starch, the Trade department noted.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WTO expert: SEA’s trade data will be better in ’23 | Jasper Y. ArcalasSOUTHEAST Asia’s trade performance may improve by at least 3 percent this year as the region expands trade with big economies such as China, the chief economist of the World Trade Organization (WTO) said. WTO Chief Economist Ralph Ossa and his team at the multilateral body estimated that the trade…
Read more »
MBC pre-Labor Day lobby: apprenticeship bill, flexi-work schemes, inflation busters | Andrea E. San JuanTHE Makati Business Club (MBC) is urging the government to address key labor issues including the passage of the Senate version of the Apprenticeship Bill. “High among the skills priorities is passing an Apprenticeship Bill which will enable businesses to train workers for available jobs and higher-skill jobs. Such a…
Read more »
Seipi eyes partnership with US semicon firms for supply chain | Andrea E. San JuanTHE Semiconductor and Electronics Industries in the Philippines Foundation Inc. (Seipi) said it is hoping to partner with American companies to build the semiconductor supply chain in the Philippines. “What we’d like to do is to hopefully work with the Chips Act [Creating Helpful Incentives to Produce Semiconductors and Science…
Read more »
Water service interruptions to hit Pasig, San Juan, QC on May 2 to 5According to Manila Water, personnel will conduct maintenance activities such as line maintenance and replacement, along with line meter and strainer declogging operations near the mentioned areas. ManilaBulletin READ:
Read more »
Water service interruptions to hit Pasig, San Juan, QC on May 2 to 5There will be water service interruptions in parts of Quezon City, Pasig City, and San Juan City from May 2 to 5, announced the Manila Water company. ManilaBulletin
Read more »
Rayver Cruz and Julie Anne San Jose reveal how their relationship startedJulie Anne San Jose and Rayver Cruz are one of the sweetest celebrity couples today.
Read more »