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Global Trade Alert

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Philippines: Stimulus package announced in response to the COVID-19 pandemic

Description

On 16 March 2020, the President of the Philippines announced funding of P14 billion (~ USD 276 million) for programs and packages to support the tourism industry. Further, funds will also be mobilized...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

16 Mar 2020

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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