PH agri products favored in EU
The Philippines is the only country in the Asean region that is allowed to export its agricultural products to 28 European countries at zero tariff, Sen. Cynthia Villar said.
Villar, chairwoman of the Senate agriculture and food committee, said the Philippines has been accepted in the GSP Plus program (Generalized Scheme of Preferences) of the European Commission following the amendment of the Fisheries Code.
The GSP+ program allows the export of 6,000 Philippine products to European countries.
Villar said the amended law will directly benefit around 1.6 million fishery workers, increase exports and attract foreign direct investments.
She said more than 250,000 jobs are also expected to be created in both the agriculture and manufacturing sectors.
Data from the Bureau of Fisheries and Aquatic Resources showed that the Philippines exported P9.4 billion worth of fish products, primarily tuna, to EU countries in 2013 alone.