Philippines Reduces Clothing Category "Save Our Industrial Law"

In order to persuade the US Congress to approve the proposal to save our SAVE Act, the government of Philippines has agreed to reduce it. Zero tariff Entering the US market clothing The category is reduced from the original 17 categories to the 9 category.

The Philippines Trade And Industry Minister Gregory L. Domingo said that at the recently concluded Hawaii APEC leaders summit, members of the US Congress Jim McDermott, Levin and Kevin Brady suggested reducing the categories of clothing that receive us preferential tariffs to increase the chance of passage of the bill.

He said that legislators believe that the categories of clothing 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 US dollars to 250 million US dollars.

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.