Germany and philippines trade relationship

Philippines - Germany

germany and philippines trade relationship

EU Trade relations with Philippines. Facts, figures, latest developments and archives. Trade relations spurred the German religious groups to establish their missions in the Philippines, notably the Benedictine nuns from Tutzing. 10 Philippines – Germany Bilateral Trade - RP Exports reached over € million in and continued to grow by leaps and bounds especially in.

EU services exports to the Philippines are IT services, telecommunication, and sea and air transport services. Under the EU GSP, developing countries can export goods with reduced tariffs entering the EU to stimulate economic growth and job creation in their economies.

germany and philippines trade relationship

The European Commission said the GSP is solely an economic instrument focused on the reduction or removal of tariffs and does not deal with political or societal challenges developing countries face. There are two important dimensions of the GSP: EU may provide trading preferences to developing and least developed countries at the risk of discriminating against the trade of developed countries.

The GSP has three different approaches: The current GSP program covers the period — Low or lower-middle income countries are only eligible to apply. As a beneficiary country, the Philippines can avail itself of the zero preferential duties on 6, products tariff lines.

Sri Lanka may be re-admitted after years of being disqualified for violations of the second condition. Unimproved sources include vendors, tanker trucks, and unprotected wells and springs. Reasonable access is defined as the availability of at least 20 liters a person a day from a source within one kilometer of the dwelling.

Arable land includes land defined by the FAO as land under temporary crops double-cropped areas are counted oncetemporary meadows for mowing or for pasture, land under market or kitchen gardens, and land temporarily fallow.

Land abandoned as a result of shifting cultivation is excluded. Land under permanent crops is land cultivated with crops that occupy the land for long periods and need not be replanted after each harvest, such as cocoa, coffee, and rubber. This category includes land under flowering shrubs, fruit trees, nut trees, and vines, but excludes land under trees grown for wood or timber.

germany and philippines trade relationship

Permanent pasture is land used for five or more years for forage, including natural and cultivated crops. PC Level of carbon emissions per capita in tons Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement.

germany and philippines trade relationship

They include carbon dioxide produced during consumption of solid, liquid, and gas fuels and gas flaring. PC Power consumption per inhabitant Electric power consumption measures the production of power plants and combined heat and power plants less transmission, distribution, and transformation losses and own use by heat and power plants.

Federal Ministry for Economic Cooperation and Development - Asia - Philippines

A negative value indicates that the country is a net exporter. Energy use refers to use of primary energy before transformation to other end-use fuels, which is equal to indigenous production plus imports and stock changes, minus exports and fuels supplied to ships and aircraft engaged in international transport. ZS Unemployment rate Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

Definitions of labor force and unemployment differ by country. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows net inflows new investment inflows less disinvestment in the reporting economy from foreign investors.

CD Total foreign debt Total external debt is debt owed to non-residents repayable in foreign currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.

Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNIcalculated in national currency, is usually converted to U.

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To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and throughthe G-5 countries France, Germany, Japan, the United Kingdom, and the United States.

germany and philippines trade relationship

GNI is the sum of value added by all resident producers plus any product taxes less subsidies not included in the valuation of output plus net receipts of primary income compensation of employees and property income from abroad. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income formerly called factor services and transfer payments.

ZG Inflation Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.

The Laspeyres formula is generally used. ZS Debt service as percentage of exports of goods and services and net income from abroad Total debt service is the sum of principal repayments and interest actually paid in foreign currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments repurchases and charges to the IMF.

Exports of goods and services includes income and workers' remittances. It comprises value added in mining, manufacturing also reported as a separate subgroupconstruction, electricity, water, and gas.

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Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.

The German-Philippine Relationship

Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Aggregates are based on constant U.

GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources There is hardly any other Asian country that has been as strongly influenced by the West during its history as the Philippines.

germany and philippines trade relationship

After some three hundred years as part of Spain's colonial empire, followed by almost five decades of American rule, the island state finally achieved independence in