Stable with slight increase of 3% compared to 2021
Special Rates
ASEAN Free Trade Area (AFTA)
0%
Applicable if imported from ASEAN member countries with proper Certificate of Origin (Form D)
US-Philippines Trade Agreement
5%
Subject to compliance with rules of origin and documentation under bilateral agreements
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Philippines Trade Agreement Boosts Chemical Exports
A new bilateral trade agreement between the US and Philippines has reduced barriers for chemical products, including halogenated derivatives of acyclic hydrocarbons (HS Code: 2903.39). This has led to a 15% increase in exports from the US to the Philippines in the last quarter.
2023-10-15
Impact: Positive impact on trade with increased export volumes and reduced tariffs for US exporters.
Philippines Imposes Temporary Import Restrictions on Chemicals
The Philippine government introduced temporary restrictions on certain chemical imports, including halogenated derivatives, due to environmental concerns. This has caused a slight decline in US shipments to the country.
2023-09-05
Impact: Negative impact on trade with reduced import quotas affecting US exporters.
US Chemical Industry Eyes Philippines as Key Market for Halogenated Compounds
A recent industry report highlighted the growing demand for halogenated derivatives in the Philippines, prompting US companies to ramp up marketing and distribution efforts in the region.
2023-08-20
Impact: Potential positive impact on trade as US firms increase focus on the Philippine market.
Policy Updates
US-Philippines Trade Facilitation Agreement
A new trade facilitation agreement was signed, lowering tariffs on chemical products under HS Code 2903.39 by 5% and streamlining customs processes for faster clearance between the two countries.
Date: 2023-10-10
Philippines Environmental Regulation Update
The Philippines updated its environmental regulations, imposing stricter import controls on halogenated derivatives to ensure compliance with safety and disposal standards. Importers must now submit additional documentation.
