According to the Manila Bulletin on July 28, the Philippine Coconut Authority stated that from 2007 to 2010, under the preferential tariffs of the free trade zone, the average annual growth rate of coconut product exports from the Philippines reached 8%. In 2010, the export value of Philippine coconut products reached 1.5 billion USD, accounting for 20% of the global total. The association believes that various free trade zone arrangements allow the Philippines to have the same competitive conditions as neighboring countries such as Indonesia, Malaysia, and Thailand. In 2010, three-quarters of the coconut product exports from the Philippines were directed towards regional markets with which the Philippines has free trade agreements. In the first quarter of 2011, exports of coconut shell charcoal to Japan, China, and South Korea accounted for 60.7%, 39.6%, and 12.4% of the total exports of this product, respectively, while the proportions in the same period last year were 57.5%, 31.5%, and 4.3%. These three countries have signed bilateral and multilateral free trade agreements with the Philippines.
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