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.
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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.
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