DTI delegation led by Assistant Secretary Gepty calls for extension of GSP+ as PH reinforces commitment
The Philippine
Trade and Investment Center (PTIC) in Brussels headed by Commercial Counsellor
Magnolia Misolas-Ashley and the Bureau of International Trade Relations (BITR)
led by Assistant Secretary Allan Gepty, embarked on a series of meetings in
Brussels as part of the Philippines’ European Union Generalized System of
Preference Plus (EU-GSP+) engagement. The Department of Foreign Affairs (DFA) was
represented by the Philippine Embassy in Brussels while the Department of Labor
and Employment (DOLE), Presidential Commission on Human Rights (PHRCS), and Department
of Justice (DOJ) participated virtually. The week-long mission served as an
opportunity to engage in dialogue and build relations with EU institutions and European
stakeholders. The conversations also enabled the Philippines to convey positive
messages that reinforced its commitment on the scheme, underscored the benefits
and opportunities the GSP+ provides, and discussed how to further strengthen
PH-EU trade relations.
The EU ranked as
the Philippines’ fourth largest trading partner, while the Philippines was the
EU’s sixth largest trading partner in the Association of Southeast Asia Nations
(ASEAN) in 2019. Trade in goods between the two partners equaled € 16 billion
in 2021 while bilateral trade in services between the EU and the Philippines
reached € 3.9 billion in 2019. The Philippines continues to benefit from the
GSP+ trade preference with a utilization rate of 75% in 2021. In the same year,
25% of total Philippine exports to the EU (almost 2 billion euros) enjoyed preferential
treatment under the GSP preferential trade preference.
On 2 September, the Philippine delegation led by Assistant Secretary Allan Gepty (third from left), and Commercial Counsellor Magnolia Ashley (third from right) met with officials of DG Employment to clarify labor-related issues from the last GSP Monitoring Mission. Undersecretary Benjo Bitonio of the Department of Labor and Employment participated in the meeting virtually.
BusinessEurope represents enterprises of all sizes in the European Union (EU) and seven non-EU European countries. Based in Brussels, it is officially recognized as a social partner at European leve and is involved in a range of economic and social decisions and cooperates with a number of stakeholders and business partners. BusinessEurope is considered as the strongest interest organization in Brussels and represents 20 million companies through its member trade associations in 35 European countries. The Philippine delegation met with Deputy Director General Luisa Santos (middle) and Senior Advisor Sofia Bournou (third from right).
PTIC-Brussels and BITR officials held coordination meetings with international trade lawyers based in Brussels namely, Sidley and FratiniVergano.