The DTI Provincial Office here said that these markets are looking for products such as gifts, decors and housewares and marine products and they also belong to the ASEAN-Australia-New Zealand Preferential Trade Agreement (AANZFTA).
ASEAN stands for Association of Southeast Asian Nations of which the Philippines is a member.
Under the AANZFTA arrangement, 96.4 percent and 84.7 percent of all products that may be imported by Australia and New Zealand, respectively, can enter their markets duty-free, according to the DTI website- www.dti.gov.ph. This means further reduced costs of doing business for Filipino exporters.
DTI-Iloilo said they facilitated a forum on Doing Business in Free Trade Areas (DBFTA) here last September to apprise local producers about export opportunities in the two ASEAN trading partners.
They said that local products have made it to markets in the United States, Japan and Taiwan, so it is high time that Ilonggo producers also ventured to other markets such as Australia and New Zealand especially, given the fact that they have preferential trade agreements, said DTI Iloilo.
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