WASHINGTON, D.C. — President Ferdinand “Bongbong” Marcos Jr. appealed to the United States to expedite the reauthorization of the Generalized System of Preference , which provides preferential, duty-free entry of select Philippine products to the American market.Speaking before a business forum co-hosted by the US-ASEAN Business Council and the US Chamber of Commerce on Friday evening, Marcos cited the need for the GSP, as he said this would impact the country’s future with the United States.
“The benefits for concluding an FTA together with a Critical Minerals Agreement between our countries will be transformative and will create new jobs, strengthen supply chains, establish new businesses, and upskill our workforce,” he said.“The renewed alliance between the Philippines and the United States also underpins close people-to-people ties. The mutual understanding and admiration of both our peoples for each other, anchored on our own unique yet quite familiar cultures, binds us deeper.
Generalized System Of Preference US Trade Preferential Trade Free Trade Agreement
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