US confirms tariff exemptions for Philippine coconut, pineapple, and banana exports worth over $1 billion

The United States has confirmed continued tariff exemptions for key Philippine agricultural products, including coconuts, pineapples, and bananas, covering over $1 billion in export value as of 2024.

These exemptions, effective November 13, mean that these tropical products, which are not locally produced in the US, will maintain zero tariffs.

The Department of Trade and Industry (DTI) has advised exporters to consult with their US counterparts to verify if their shipments qualify for the latest tariff exemption.

The US executive order issued on November 14 removes the 19% tariff on Philippine goods such as coconut products, bananas, pineapples, dried tropical fruit, and coffee.

The updated tariff rules apply to goods that entered the US beginning 12:01 a.m. (EST) on November 13.

If duties were already paid on goods that meet the effectivity date and are now exempt, refunds may be processed in accordance with US law.

Agriculture Secretary Francisco Tiu Laurel Jr. stated that the confirmation has calmed anxieties within the fruit industry and allowed for clearer expansion plans.

The Philippine Chamber of Commerce and Industry (PCCI) believes the exemptions will boost exports, safeguard jobs, and strengthen the competitiveness of Philippine products.

The Philippine government plans to support these export products as a banner program for the upcoming year.