Procter & Gamble (P&G) Philippines inaugurated its diaper manufacturing line in Cabuyao, Laguna on Thursday which is expected to link the country to the global value chain for manufacturing across Asia. Know more:
Procter & Gamble Philippines inaugurated its diaper manufacturing line in Cabuyao, Laguna on Thursday which is expected to link the country to the global value chain for manufacturing across Asia.
“The diaper products from this new line will eventually be exported and sold to Korea and Vietnam. That is why, among other benefits listed in the CREATE Law, the importation of capital equipment, raw materials, or accessories is exempt from tax and duty.” “As we welcome more investments in producing these products under the CREATE Law, the Philippines may depend less and less on importing such products.”He also encouraged P&G to “leverage” the Regional Comprehensive Economic Partnership , which the Philippine Senate ratified on February 21. He said the mega trade deal could help the Philippine-based manufacturer to enhance its access to the Asia-Pacific regional market.
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