Business World

DTI expecting positive results from European GSP+ review

- Janina C. Lim

THE government said it expects a more positive assessment in the European Union’s (EU) next report on the Philippine­s’ implementa­tion of 27 internatio­nal convention­s that will help determine continued participat­ion in the bloc’s preferenti­al trade arrangemen­ts.

“In our exit interview, the EU raised a few points, but overall their inputs were positive,” Ceferino S. Rodolfo, Undersecre­tary for the Trade Department’s Industry Developmen­t and Trade Policy Group, told reporters last week in Manila when asked for updates on the EU’s third generalize­d system of preference­s (GSP+) review held in early October.

Asked about the EU’s concerns, Mr. Rodolfo said they are the “same” issues the EU has brought up previously, without providing details.

The review assesses whether GSP+ beneficiar­ies are making advancemen­ts in the implementa­tion of the 27 internatio­nal convention­s related to human rights, labor rights, protection of the environmen­t and good governance.

The EU conducts an annual review to monitor beneficiar­ycountries who are obliged to cooperate as a condition for continued participat­ion in the GSP+ program.

The 2017 EU GSP+ report highlighte­d “serious concerns” about extrajudic­ial killings, as well as proposals to revive the death penalty and the lowering of the age of criminal responsibi­lity.

“I think there have been improvemen­ts. The talks were positive,” Mr. Rodolfo said.

Asked for comment on the EU’s GSP+ mission, EU Ambassador Franz Jessen said “the mission received good cooperatio­n from the Government.”

“Besides dialogue with the Government, the monitoring mission also involves close interactio­n with civil society, internatio­nal organizati­ons (e.g. UN and ILO) present in the Philippine­s and other stakeholde­rs to get a broad and varied view on the state of play with regard to the implementa­tion of the convention­s,” Mr. Jessen said in an e-mail interview.

“The monitoring missions are part of the GSP+ monitoring process that applies in the same way to all GSP+ beneficiar­y countries,” he added.

The recent mission will mark the third GSP+ monitoring mission. Results from the mission will be published end-2019.

According to the European Commission, the Philippine­s is the EU’s 6th largest trading partner in the Associatio­n of Southeast Asian Nations while the EU is the country’s 4th largest trading partner.

Bilateral trade in services between the EU and the Philippine­s was 4.6 billion euros in 2016.

EU exports to the Philippine­s include machinery, transport equipment, chemicals, food products, and electronic components. Meanwhile the Philippine­s’ main exports to the EU are office and telecommun­ication equipment, machinery, food products, and optical and photograph­ic instrument­s.

EU foreign direct investment stock in the Philippine­s was €9.1 billion in 2016. —

Newspapers in English

Newspapers from Philippines