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BusinessMirror (February 01, 2018)

The Philippine Fiber Industry Development Authority (PhilFida) said the country’s total abaca production this year could grow by as much as 2.73 percent to 75,000 metric tons (MT), from last year’s estimated output of 73,000 MT.

“[Production] this year could reach 73,000 MT to 75,000 MT. The activity of Mayon Volcano would not affect abaca production,” PhilFida Executive Director Kennedy T. Costales told the BusinessMirror.

Philippine Dialy Inquirer (January 25, 2018)

The Philippines yesterday hailed the retention of duty-free privileges for most of its exports to the European Union despite concerns over alleged “extrajudicial killings” in President Duterte’s war on drugs.

The European Commission announced on Monday that Philippine shipments worth an estimated P120 billion ($2.35 billion), about two-thirds of annual exports to its number-two trading partner, would carry no duties.

Heather SCOTT (January 23, 2018)

Global economies are recovering simultaneously and at a stronger pace, and will get at least a short-term boost from the US tax cuts, the International Monetary Fund said Monday.

In the latest update to the IMF's World Economic Outlook, nearly all the forecasts for 2018 and 2019 were revised upward compared to the October edition.

Philippine Dialy Inquirer (January 25, 2018)

The Philippines yesterday hailed the retention of duty-free privileges for most of its exports to the European Union despite concerns over alleged “extrajudicial killings” in President Duterte’s war on drugs.

The European Commission announced on Monday that Philippine shipments worth an estimated P120 billion ($2.35 billion), about two-thirds of annual exports to its number-two trading partner, would carry no duties.

The Manila Times (January 22, 2018)

PHILIPPINE exports to the European Union (EU) under the latter’s Generalized Scheme of Preferences Plus (GSP+) program went up by 25 percent in the first 11 months of 2017 to 2 billion euros from 1.66 billion euros in 2016, the Department of Trade and Industry (DTI) said.

According to Trade Secretary Ramon Lopez, total exports to the EU reached $8.4 billion in the January-to-November period from $6.7 billion the year prior.

The Daily Tribune (January 23, 2018)

The European Commission said it has adopted its second biennial generalized scheme of preference (GSP) report to the European Parliament and the Council, including an assessment of the Philippines’ implementation of 27 international conventions on human rights, labor rights, the environment and good governance.