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What is Flexible Tariff Clause in Philippine Trade about?

The document discusses trade policies and agreements in the Philippines, including: 1. The flexible clause allows the Philippines to adjust import duty rates up to 100% and establish quotas or import bans to promote foreign trade. 2. Under most favored nation (MFN) treatment, the Philippines applies the same tariff rates to like products from all WTO members, with exceptions for free trade agreements which have lower regional rates. 3. The ASEAN Trade in Goods Agreement (ATIGA) establishes preferentia

Author

Samuel

Language

EN