Chinese traders are urged

Chinese traders are urged to make the Philippines their manufacturing hub for better access to the markets of European Union (EU) and the United States (US).

During a China-Philippines Business Opportunities Matching Conference right here last Friday, Trade Undersecretary Ceferino Rodolfo informed the enterprise delegation from Dezhou City of Shandong Province that the Philippines advantages from the preferential tariff structures from EU and the USA, which makes the country greater competitive to export to these markets.

Rodolfo said Chinese businesses can take gain of better tariff in the Philippines in exporting to EU and the USA than exporting from China.

This is because a number of Chinese products are dealing with alternate remedies inside the EU, while the Trump administration is pursuing exchange measure that would affect China and different international locations which the US has USD10-billion alternate deficit.

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