Active GSP
EU Generalized System of Preferences Plus
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Increased exports and maintained competitiveness in the EU market.
Developing Countries Trading Scheme
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Philippines gain a competitive edge in the UK market.
Canadian Generalized System of Preferences
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Philippines gain a competitive edge in the Canada market.
Under review GSP
USA GSP
U.S. Generalized System of Preferences
Purpose
When a country’s GSP status is under review, its eligibility for tariff benefits may be suspended or adjusted.
Current Status
The Philippines is not currently receiving U.S. GSP benefits, and GSP status may also be under review with other countries.
Impact
The loss or adjustment of GSP benefits could reduce the competitiveness of Philippine exports, necessitating a reevaluation of market entry strategies.
Terminated GSP
Korea GSP
Korea’s Generalized System of Preferences
Purpose
Encourages imports from developing countries by offering tariff benefits on specific products.
Current Status
The Philippines receives Korea’s GSP benefits, with tariff reductions on a variety of goods.
Impact
Exports in agriculture, electronics, and textiles benefit from increased market competitiveness in Korea.
Japan GSP
Japan’s Generalized System of Preferences
Purpose
Promotes imports from developing countries by providing preferential tariff rates on certain goods.
Current Status
The Philippines benefits from Japan’s GSP, receiving lower tariffs on various products entering the Japanese market.
Impact
Automotive parts, electronics, and agricultural goods maintain competitiveness in Japan.
Norway GSP
Norway Generalized System of Preference
Purpose
Supports economic growth in developing countries by providing tariff benefits on specific products.
Current Status
The Philippines benefits from Norway’s GSP, enjoying duty-free or reduced tariffs on a range of products.
Impact
Seafood, agriculture, and textiles from the Philippines gain a competitive advantage in the Norwegian market.