Philippines Reduces Clothing Category "Save Our Industrial Law"

In order to persuade the US Congress to approve "save us." Industry (SAVE Act) suggested that the government of Philippines has agreed to reduce the categories of clothing imported into the US market from zero tariff to 9 categories from the original 17 categories.

Gregory L. Domingo, Minister of trade and industry in Philippines, said that at the recently concluded Hawaii APEC leaders summit, members of the US Congress Jim McDermott, Levin and Kevin Brady recommended that US preferential tariffs be reduced. clothing The category is designed to increase the chance of passage of the bill.

He said that legislators believe that clothing categories that seek preferential tariff entry to the United States should be reduced from the original 17 categories to 9 categories, so as to reduce the loss of us revenue from about $500 million to 250 million. dollar 。

8 categories of clothing were abolished. The draft regulations of the 8 garments showed that yarn and fabrics were allowed to be purchased from third countries for clothing production and then exported to the United States at zero customs duties.