The Philippine Chamber of Commerce and Industry (PCCI) on Thursday warned that the European Parliament's threat to remove the country's zero-tariff export status should not be taken lightly.

During the launch of the Philippine Business Conference & Expo, Roberto Amores, PCCI Agriculture Committee Chairman Roberto Amores warned that the removal would “have a huge impact on Philippine exports, especially [those of] agriculture, where we use 70-percent indigenous materials.”

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