The Department of Trade and Industry (DTI) has started to equip local footwear manufacturers and exporters with tools and knowledge to utilize free trade agreements (FTAs) as well as to capture a “meaningful share” in the expanding global footwear market. In a recent statement, DTI said it concluded its Trade Education and Advocacy (TEA) Campaign for the Marikina footwear industry.
This happened shortly before the Philippines-Korea Free Trade Agreement (FTA) entered into force on December 31, 2024. The Philippines-Korea FTA grants Philippine-made footwear duty-free access to Korea’s market upon the trade deal’s entry into force. Held in Marikina City which is dubbed the “shoe capital” of the Philippines, DTI said the activity “reinforced” the agency’s “commitment to empowering local industries and improving the utilization of FTAs.” DTI said in a statement, “The campaign focused on equipping stakeholders—including manufacturers, artisans, micro, small, and medium enterprises, and exporters—with the tools and knowledge to leverage FTAs.” In particular, the agency noted that participants learned how to source cheaper raw materials and access preferential export markets through the Philippines’s various FTAs. Moreover, the campaign provided trade remedies, such as safeguards and anti-dumping measures, to address the sudden surge of import competition or unfair trade practices, DTI noted. According to DTI, the TEA campaign explored a wide range of “relevant” topics including opportunities for the Philippine footwear industry under existing FTAs, market access to the European Union market, intellectual property protection and enforcement, export procedures, and rules of origin. DTI Undersecretary for International Trade Group Allan B. Gepty earlier told the BusinessMirror that 52 tariff lines of Philippine footwear exports will be able to enter Korea’s market duty-free upon entry into force of the trade deal
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Fonte: TheManilaTimes - 🏆 2. / 92 Consulte Mais informação »