The Philippine Exporters Confederation, Inc. has pushed back against allegations that Philippine exports are linked to forced labor, warning that a proposed US tariff increase could unfairly penalize compliant businesses and workers.
The Office of the United States Trade Representative (USTR) has found that the Philippines' failure to prohibit and effectively block imports of goods produced with forced labor may unfairly burden US commerce, exposing Philippine exports to potential new tariffs under a Section 301 investigation.
President Ferdinand R. Marcos Jr. has approved the 2026 Strategic Investment Priority Plan (SIPP), a revamped roadmap that expands tax incentives for high-value industries ranging from artificial intelligence and cybersecurity to electric vehicle infrastructure and critical minerals processing.
The Department of Trade and Industry (DTI) has expanded safeguard duties on cement imports to include China and Indonesia, tightening protection for local manufacturers amid rising inbound shipments and persistent excess capacity in the domestic industry.
The Philippines’ return to High Point Market after nearly two decades is already paying dividends, with local furniture and home furnishings manufacturers securing USD3.7 million in initial orders and attracting interest from some of the world’s largest lifestyle and home décor brands.