Philippines petitions for footwear’s inclusion in trade deal

13/09/2017
The Philippines has asked the US to expand the Generalised System of Preferences (GSP) to include footwear.

Products included in the trade agreement enjoy 0% import tax, while footwear is currently taxed at around 15%.

The Asian country says this would open the US market to its footwear manufacturers.

Trade Secretary Ramon Lopez told local press: “What’s good here is that it’s not only the Philippines advocating this but also the US buyers, noting that in the US, there’s not much production activity going for footwear.”