The European Chamber of Commerce of the Philippines (ECCP) welcomes the recent positive developments regarding the extension of the EU GSP+.
In the statement sent to THEPHILBZNEWS, it says, “We appreciate the European Parliament supporting the European Commission’s proposal to renew the scheme for another four years. The ECCP has strongly advocated for the GSP+ renewal since many European and Filipino firms are benefitting from this scheme. According to the latest report, Philippine exports to the EU under GSP+ reached EUR 6.6 billion from 2020 to 2022.”
The extension is still subject to final and official approval***