As the government fails to convince Seoul to reduce its export tariff on Philippines’ agriculture commodities, a group of businessmen fears the country could lose South Korea as a top export destination for locally produced bananas three years from now.
As the government fails to convince Seoul to reduce its export tariff on Philippines’ agriculture commodities, a group of businessmen fears the country could lose South Korea as a top export destination for locally produced bananas three years from now.
Officials of the Pilipino Banana Growers and Exporters Association (PBGEA) aired this warning as they pressed the government anew to work out a bilateral agreement with South Korea to remove the high 30 percent tariff on Philippine banana exports.
Based on their estimate, losing the Korean market, which is among the top three destinations for Philippine banana exports, would rob 32,000 workers and over 200,000 dependents in the domestic industry of their means of livelihood.
See full article at Manila Bulletin
