The Philippines seriously think about the reduction of American goods imports in response to the definition of 17% customs duties for the Philippine products, the head of the Ministry of Trade and Industry of the Republic, the head of the Ministry of Trade and Industry of the Republic, said in a briefing.
"We are really going to do that," Rocke's speech quoted the Manila Bulletin newspaper, when the journalists were asked about the government's plans to reduce the customs duties on US goods. In the near future, the programs of reducing the current 34% interest rate on American goods will be discussed.
It is also planned to meet with representatives of the US administration.
Besides, as the head of the Philippine Ministry of Commerce added, the country is considering the opportunity to participate in the US Association of Southeast Asian Association (GHP) to new US responsibilities.
