The Philippines is a key member of the Association of Southeast Asian Nations (ASEAN), a major global hub of manufacturing and trade. With a consumer market of over 620 million, it is one of the fastest-growing consumer markets in the world. Consumer demand in ASEAN is high and is expected to increase as GDP in the region continues to rise.
Establishing your base in the Philippines provides key access to export and import to and from this market. There are also unique opportunities to benefit from the ASEAN free trade agreements that encourage trade and investment within the region and beyond.
|Free trade agreements:||GDP||Consumer Market|
Free Trade Area (AANZFTA)
Free Trade Area (ACFTA)
Free Trade Area (AIFTA)
Free Trade (AKFTA)
Free Trade Area (AJFTA)
|European Free Trade
|Other agreements:||GDP||Consumer Market|
|European Union GSP + Philippines||US$18tr||616m|
|US GSP +Philippines||US$19tr||430m|
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We have packages of incentives to help you reduce your relocation and operating costs and make your products and services more competitive.
If you choose to locate in a special economic or freeport zone, your business will be exempt from paying taxes and tariffs on imported raw materials and manufacturing equipment.
The Philippines makes an excellent export base as there are a number of economic zones with specific export incentives. Companies located within these zones can enjoy special tax rates on modified gross income in lieu of national and local tax.
These economic zones include industrial estates, export processing zones, free trade zones, tourism ecozones, and IT buildings and parks. We are devoted to supporting the export sector and granting export businesses many fiscal incentives.