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The proposed global trade bloc seeks stricter common standards on labor issues, environmental protection and dispute resolution than those proposed in the RCEP.Gepty said on top of the FTAs and trade agreements, the Philippines was able to address the issues raised on the country’s compliance with the requirement for the continuity of the EU Generalized Systems Program Plus.The EU GSP+ is an important program especially for micro, small and medium enterprises that export to the EU. More 6,000 tariff lines enter the vast EU market tariff-free under the program.The EU will launch by the first quarter of 2021 a monitoring mission to the Philippines which may be done virtually. The Philippines submitted in September its position to the compliance issues raised by the EU.Gepty said the DTI also received confirmation that the UK was open to continuing the GSP+ program with the Philippines under the same conditions as the EU GSP+.
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