OUTBOUND shipments of Philippine-made goods are unlikely to be negatively affected by higher import tariffs ordered by US President Donald Trump against major trading partners, the Philippine Exporters Confederation Inc. (Philexport) said.
OUTBOUND shipments of Philippine-made goods are unlikely to be negatively affected by higher import tariffs ordered by US President Donald Trump against major trading partners, the Philippine Exporters Confederation Inc. said.Philexport President Sergio Ortiz-Luis Jr., in a statement, said the US — the top destination for Philippine exports — would continue buying from the country and even from China, which has been hit by a 10-percent tariff.'Chinese prices are so low.
'Under the new Trump administration, we are optimistic about renewed interest in a possible Philippines-United States FTA ,' Trade Secretary Cristina Roque told a forum last Tuesday.'This is an opportunity to craft a new generation trade agreement that not only expands market access but also upholds the highest standards of labor rights, environmental protection and social inclusivity,' she added.
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