THE British Chamber of Commerce Philippines Executive Chairman Chris Nelson welcomed the developments on the United Kingdom and the Philippines bilateral trade with the recently held inaugural Joint Economic and Trade Committee (Jetco) meeting, aimed at promoting market access, and trade and investments in infrastructure, renewable energy and agriculture.
The key areas of collaboration focused on investments on infrastructure and development projects; agriculture in terms of meat trade and animal disease detection mechanisms; and trade promotion initiatives in technology and renewable energy through leveraging the Developing Countries Trading Scheme, which mandates tariff-free access on 92 percent of products for Philippine exporters to the UK.
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