Trade Secretary Alfredo E. Pascual welcomed the launch of the United Kingdom Developing Countries Trading Scheme (DCTS), saying it will enable more Philippine exporters to compete in the UK market “successfully.” Know more:
TRADE Secretary Alfredo E. Pascual welcomed the launch of the United Kingdom Developing Countries Trading Scheme , saying it will enable more Philippine exporters to compete in the UK market “successfully.”
The DCTS lowers or removes tariffs on more than 150 products. Its coverage extends to the country’s agricultural products such as tomatoes, milk and cream, cheese, grains, tropical fruits, and animal and vegetable oils, Pascual noted. But, beyond reducing tariffs, the Trade chief said the scheme’s “important” benefits for the Philippines rest on its provision for “simpler” rules and procedures, including the rules of origin. He said the simplified trade conditions and regional cumulation measures will benefit Philippine exports.
Moreover, Pascual underscored that the country remains “on track” to become an upper-middle income nation in the next few years, despite the global economic slowdowns and inflationary pressures.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DTI chief Pascual: Talks about free trade deal with EU should startTrade Secretary Alfredo Pascual said Tuesday that the Philippine government should already start negotiations on the free trade agreement with the European Union (EU).
Read more »
DTI’s Pascual to follow up GSP, free trade pact status in Belgium tripTrade Secretary Alfredo Pascual will follow up on the Generalized Scheme of Preferences Plus and the Free Trade Agreement with the European Union when he makes the trip to Belgium by the latter part of June. | GabrielLaluINQ
Read more »
DTI starts talks for PH-EU FTAThe government should already start negotiations on the free trade agreement with the European Union (EU), Trade Secretary Alfredo Pascual
Read more »
DTI: Marcos OKs proposed export plan that takes industry development approachPresident Ferdinand "Bongbong" Marcos Jr. approved the Philippine Export Development Plan that aims to capitalize on export growth opportunities, Department of Trade and Industry Secretary Alfredo Pascual said on Tuesday.
Read more »
DND, Galvez welcome new Secretary TeodoroDepartment of National Defense (DND) officer-in-charge Carlito Galvez Jr. on Tuesday welcomed the takeover of Gilbert Teodoro Jr. as the new secretary of the department.
Read more »
Ted Herbosa takes oath as new health secretaryMANILA, Philippines — Teodoro “Ted” Herbosa took his oath of office as the new health secretary before President Ferdinand Marcos Jr. on Tuesday. According to the Department of Health
Read more »