Free Trade Agreement With Philippines

Rules of origin and methods of administrative cooperation between customs authorities are dealt with in Schedule I. The agreement provides for liberal rules of origin based on the European model. The rules open up the accumulation by all types of goods (industry and agriculture) between the contracting parties as well as the possibility of self-reporting of origin. May 31, 2019, the Philippines informed the EFTA secretariat of the entry into force of Customs Management Regulation 4-2019, which provides exporters with the legal basis for claiming reimbursement of wrongly collected duties between the entry into force of the EFTA-Philippines agreement on 1 June 2018 and the effective implementation date in the Philippines on 24 October 2018. The fees must be submitted within one year of the date of payment of taxes to the district collector`s organization from which the tax was collected. Accepted claims are paid for by tax credits. For more information on the repayment procedure, please contact directly the following point of contact: the agreement contains provisions relating to trade remedies (Articles 2.12 to 2.15), namely subsidies and countervailing measures, anti-dumping measures, global safeguards and transitional protection measures. Since December 2014, the Philippines has benefited from enhanced trade preferences with the EU under the EU`s Generalized Preferences Plus System (GSP). The Special Incentive for Sustainable Development and Good Governance Scheme provides for the total elimination of tariffs for two-thirds of all product categories, with the aim of supporting sustainable development and good governance. Chapter 6 on Trade in Services closely follows the approach of the WTO`s General Agreement on Trade in Services (GATS). It covers trade in all service sectors under the four types of supply.

Separate annexes to financial services (Annex XIII), telecommunications services (Annex XIV), the free movement of individuals (Annex XV), maritime transport services (Annex XVI) and energy-related services (Annex XVII) complete the chapter with additional disciplines specific to these sectors. The lists of contracting parties with specific obligations and derogations from the treatment of the most favoured nation (MPF) are listed in Schedules XI and XII respectively. These lists are subject to regular revision to further liberalize the exchange of services between the two parties. A Sustainable Impact Assessment (AIS) has been carried out to support negotiations on a free trade agreement between the European Union and the Philippines. The ASA will assess the potential impact of trade and trade provisions on economic, social, human rights and environmental elements in any trading partner and in other countries in a future free trade agreement.

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