Tax-Free Entry of Philippine Travel Goods in US Market Approved

The US has approved the Philippines’ application to expand its current General System of Preferences (GSP) coverage to include travel goods. From the current range of six to 20 percent tariff, travel goods will now enter the US market duty-free. The US imported an estimated total of $232 million from the 23 tariff lines of travel goods from the Philippines in 2016, making the country the fifth largest import source of travel goods in…

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.