The Philippines has secured a commitment from the United Kingdom to keep the same level of market access to Britain post-Brexit under any scenario, including a no-deal Brexit.
The Department of Trade and Industry said the arrangement would be similar to the preferential market access currently enjoyed under the European Union Generalized Scheme of Preferences Plus.
Trade Secretary Ramon Lopez said any post-Brexit scenario would not have a significant effect on the Philippines.
Lopez’s assessment is in contrast to the recent study of the United Nations Conference on Trade and Development showing that the Philippines would be the 12th trading partner most affected in a post-Brexit scenario. The study did not take into consideration current bilateral talks between the Philippines and the UK.
The Philippines in the past two months PH has engaged the UK on three high level dialogues.
The UK has given reassurances about the continuation of Philippines’ GSP+ level market access to the UK post-Brexit. Othel V. Campos