Increasing due to demand for IT hardware and components in the Philippines
Special Rates
ASEAN Free Trade Area (AFTA)
0%
Applicable if imported under AFTA agreement with proper Certificate of Origin (Form D) from ASEAN member countries, though not directly applicable for imports from the United States.
Most Favored Nation (MFN)
5%
Applicable under WTO agreements for imports from the United States, subject to compliance with trade agreements and documentation.
A new bilateral trade agreement between the US and Philippines includes reduced tariffs on electronic components, including input/output units under HS Code 8471.60. This is expected to increase exports of such units from the Philippines to the US.
2023-10-15
Impact: Positive impact on trade with potential growth in export volume of input/output units from the Philippines to the US due to lower tariffs.
Philippines Increases Production of Computer Peripherals for US Market
Philippine manufacturers have ramped up production of input/output units (HS Code 8471.60) to meet growing demand from US-based tech companies, supported by favorable trade terms.
2023-09-22
Impact: Increased trade flow of input/output units to the US, strengthening supply chains for tech industries.
US Imposes Temporary Quota on Philippine Electronics Imports
The US has introduced a temporary quota on certain electronics imports, including input/output units (HS Code 8471.60), from the Philippines to address domestic supply concerns.
2023-08-30
Impact: Potential negative impact on trade volume as quotas may limit the export of input/output units from the Philippines to the US in the short term.
Policy Updates
US-Philippines Tariff Reduction on Electronics
A new policy under the US-Philippines trade framework reduces tariffs by 15% on electronics, including input/output units (HS Code 8471.60), effective from November 2023, to encourage bilateral trade.
Date: 2023-10-10
Philippines Updates Export Compliance for Tech Goods
The Philippine government has introduced stricter export compliance regulations for technology products, including input/output units, to align with international standards, potentially affecting shipment timelines to the US.
