News Formal

‘Sans FTA with US, PHL semiconductor and electronics industry losing millions’

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 59%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

THE Philippine semiconductor and electronics industry has lost around $5 million to $10 million since last year because of the absence of a free trade agreement (FTA) with the United States. “We’ve actually lost some opportunities in the US because of the absence of an FTA.

THE Philippine semiconductor and electronics industry has lost around $5 million to $10 million since last year because of the absence of a free trade agreement with the United States.

“Since they know we don’t have any FTA, some companies may just not want our EMS companies to produce for exports to the US,” added the Seipi chief. Lachica, meanwhile, said that the Philippines got a $13.9-million grant from the US ITSI Fund for this year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DTI wants industry views on pending FTA with EU, 2 other key trade accordsTHE Department of Trade and Industry (DTI) is seeking industry inputs on trade deals and digital trade initiatives including the Philippines-European Union Free Trade Agreement (PH-EU FTA), World Trade Organization (WTO) E-Commerce Joint Statement Initiative (JSI), and Asean Digital Economy Framework Agreement (Defa), among others.
Source: BusinessMirror - 🏆 19. / 59 Read more »