Free Trade Agreement Between Philippines And Eu

On the eve of the interruption of new discussions on the draft bilateral free trade agreement (FTA) with the Philippines, the European Union (EU) said on Friday that it had prioritized the EU`s GSP (Generalized System of Preferences) Plus as the platform that will govern its cooperation and trade relations with the Duterte government. Describes the bilateral and multilateral trade agreements in which this country participates, including with the United States. Contains websites and other resources for U.S. companies to get more information on how to use these agreements. The provisions on the protection of intellectual property rights (Chapter 8 and Annex XVIII) concern, inter alia, trademarks, copyrights, patents and geographical indications and contain provisions on the enforcement of intellectual property rights and cooperation between the Parties. The provisions are based on the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) and provide for a high level of protection, taking into account most-favoured-nation principles and domestic treatment. The Philippines has been a member of the WTO since 1995 and benefits from expanded trade preferences with the EU under the EU`s Generalised System of Preferences Plus (GSP+). A Sustainable Development Impact Assessment (SIA) was carried out to support the negotiations on free trade agreements (FTAs) between the European Union and the Philippines. The saa aims to assess the potential impact of trade and trade provisions in a future free trade agreement on economic, social, human rights and environmental aspects in any trading partner and in other relevant countries. The aim is to conclude an agreement covering a wide range of issues, including tariffs, non-tariff barriers, trade in services and investment, as well as the trade aspects of government procurement, intellectual property, competition and sustainable development. Attempting to impress the importance of the EU`s GSP Plus, the ambassador pointed out that the misuse of GSP Plus by Philippine exporters in 2019 represents only about 25% of total Philippine exports to the EU, or about €2 billion in benefits from trade preference, especially for agricultural products. . .

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