Additionally, tariffs will be removed for 80% of Filipino-originating goods, and there will be greater flexibility for the rules of origin so that more exporters can benefit.

This new deal moves the preference away from the GSP, and will be under the new Developing Countries Trading Scheme (DCTS).

So, what is the DCTS, and how could it affect your trade in future? Find out in this article.

GSP to be replaced (Teal Digital Pathways)