Since December 2014, the Philippines has benefited from expanded trade preferences with the EU under the EU`s Generalised System of Preferences Plus (GSP+). The Special Incentive Scheme for Sustainable Development and Good Governance GSP+ provides for the total elimination of tariffs on two-thirds of all product categories, in order to support sustainable development and good governance. For the EFTA Philippines, see the EFTA Trade Statistics Tool Philippines – Japan Economic Partnership Agreement The Philippines and Japan concluded a free trade agreement in 2008. Abs is the only bilateral free trade agreement between the Philippines, which includes, among others, trade in goods, trade in services, investment, transport of natural persons, intellectual property, customs procedures, improvement of the business environment and government procurement. Philippines – European Free Trade Association Free Trade Agreement The Philippines and EFTA members Iceland, Liechtenstein, Norway and Switzerland signed a free trade agreement in 2016 that is expected to enter into force in 2018. The Philippines` EFTA includes trade in goods, trade in services, investment, competition, intellectual property, government procurement, trade and sustainable development. As a far-reaching agreement, the free trade agreement includes trade in goods, trade in services, investment, competition, protection of intellectual property rights, government procurement, trade and sustainable development. In the area of trade in goods, EFTA removes all tariffs on industrial products from the entry into force of the agreement, while the Philippines will lower or phase out its tariffs on the vast majority of these products. More information on the EU-Philippines trade and investment negotiations, including EU proposed texts and circular reports The EFTA States, Iceland, Liechtenstein, Norway and Switzerland signed a Free Trade Agreement (FTA) with the Philippines on 28 April 2016 in Bern, Switzerland.
The EFTA-Philippines Free Trade Agreement entered into force on 1 June 2018 for the Philippines, Norway, Liechtenstein and Switzerland and on 1 January 2020 for Iceland. Due to outstanding internal issues, the Philippine customs authorities were unable, upon the entry into force of the EFTA-Philippines Free Trade Agreement, to implement the customs obligations arising from the Agreement. . . .