{"id":103055,"date":"2017-05-18T02:24:38","date_gmt":"2017-05-18T06:24:38","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=103055"},"modified":"2017-05-18T02:24:38","modified_gmt":"2017-05-18T06:24:38","slug":"dti-chief-phl-eu-engagement-should-continue","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/05\/18\/dti-chief-phl-eu-engagement-should-continue\/","title":{"rendered":"DTI chief: PHL-EU engagement should continue"},"content":{"rendered":"<figure id=\"attachment_95888\" aria-describedby=\"caption-attachment-95888\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/ph12-092216-AAA-4.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-95888\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/ph12-092216-AAA-4.jpg\" alt=\"Despite the Philippine government's plans to stop receiving aid from the European Union (EU), Trade Secretary Ramon Lopez said the engagement between the two parties should continue, particularly in boosting trade. (Photo: ALBERT ALCAIN\/PPD)\" width=\"640\" height=\"419\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/ph12-092216-AAA-4.jpg 640w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/ph12-092216-AAA-4-300x196.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption id=\"caption-attachment-95888\" class=\"wp-caption-text\">Despite the Philippine government&#8217;s plans to stop receiving aid from the European Union (EU), Trade Secretary Ramon Lopez said the engagement between the two parties should continue, particularly in boosting trade. (Photo: <a href=\"http:\/\/pcoo.gov.ph\/photo3-092216\/\">ALBERT <\/a>ALCAIN\/PPD)<\/figcaption><\/figure>\n<p>MANILA\u2014Despite the Philippine government&#8217;s plans to stop receiving aid from the European Union (EU), Trade Secretary Ramon Lopez said the engagement between the two parties should continue, particularly in boosting trade.<\/p>\n<p>Lopez told the Philippine News Agency in a text message Thursday that the department does not want the Generalised Scheme of Preferences Plus (GSP+) to be affected, as it helps market access to the EU and provides the bloc cheaper products from the country while benefiting European businesses here exporting back to the EU.<\/p>\n<p>\u201cWe don\u2019t want the current GSP to be affected,\u201d he said noting that the GSP+ is a &#8220;commercial transaction that can mutually benefit both sides\u201d.<\/p>\n<p>\u201cGSP provides market access to our exporters but it allows cheaper Philippine products for EU consumers or cheaper inputs for their manufacturers,\u201d the trade chief added.<\/p>\n<p>In December 2014, 6,274 products from the Philippines was allowed to enter the EU duty-free through the GSP+.<\/p>\n<p>The country\u2019s exports to EU in 2016 reached 1.7 billion euros, increasing by 10 percent from 2015\u2019s 1.55 billion worth of exports.<\/p>\n<p>Utilization of GSP+ also improved to 71 percent from last year\u2019s rate of about 67 percent.<\/p>\n<p>\u201cEU investors in the country that exports back to EU also benefit from the GSP. It\u2019s a mutually beneficial arrangement,\u201d Lopez said.<\/p>\n<p>\u201cEU should continue to engage the country,\u201d the official added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014Despite the Philippine government&#8217;s plans to stop receiving aid from the European Union (EU), Trade Secretary Ramon Lopez said the &hellip;<\/p>\n","protected":false},"author":33,"featured_media":95888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[12337],"class_list":["post-103055","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ramon-lopez","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/103055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=103055"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/103055\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/95888"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=103055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=103055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=103055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}