He met Raimondo during the official visit of Philippine President Ferdinand R Marcos Jr. traveled to Washington, DC, where he met with President Joe Biden and called for a renewal of the United States’ System of Universal Preferences (GSP) at a meeting with business executives.
The Philippines has asked the US to extend zero tariffs on its apparel and footwear. This request was forwarded by Secretary of Trade and Industry Alfredo Pascual to U.S. Secretary of Commerce Gina Raimondo in Washington, DC, during a visit by President Ferdinand R Marcos Jr., who called for a renewal of the System of Preferences. General of the United States.
The US GSP, which provides zero tariffs on 3,500 tariff lines, expired on December 31, 2020 and has yet to be re-approved by Congress.
DTI Deputy Secretary Ceferino Rodolfo – who was also part of the delegation – said US law enforcement agencies have communicated their support for the re-licensing, and therefore the Philippine government is very hopeful. .
The US executive branch also supported the provision that taxes paid since 2021 would be refunded, he added.
The delegation planned to meet with at least eight US companies, in the hope of bringing in more investment and jobs, Pascual was quoted as saying by a news agency.
Fiber2Fashion (DS) News Desk
