The next European generalized system of preferences (GSP) would provide additional liberalization for exports of developing countries such as the Philippines, according to EuroCommerce, a group representing the retail, wholesale and international trade sectors in Europe.
“If the aim is to provide incentives to stakeholders to increase trade against the backdrop of preference erosion, the system must be even simpler, easier to apply, more predictable and give traders more legal certainty,” the EuroCommerce said.
The group said that the European GSP should be continued, noting it is a “very important tool for development”.
Without the GSP and the advantage to import duty free, many importers may have opted to place their orders in China rather than less developed countries due to price consideration factor.
The group also underscored the need for a well-functioning system that is part of the Millennium Development Goals.
EuroCommerce believed that the EU GSP could contribute to the reduction of poverty in developing countries by generating revenue through international trade and giving support to sustainable development and good governance. (EHL)
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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