- About bilaterals.org
- Feb-2016: New ISDS platform launched
- Sep-2004: Launch announcement
- Feb-2015: Relaunch of bilaterals.org
- Mar-2013: Relaunch of bilaterals.org
- Jun-2009: Relaunch of bilaterals.org
- Dec-2008: An update from bilaterals.org and logo design contest announcement
- Dec-2006: bilaterals.org in Spanish & French
- Sep-2006: Update from bilaterals.org
- How to participate
- Key issues
- Texts of agreements
RP prepares for possible trade accord with US
29 July 2005
RP prepares for possible trade accord with US
By NIEL V. MUGAS, The Manila Times Reporter
Baby steps have begun in engaging the United States on a possible trade pact, the trade department said in a report to President Arroyo.
Trade Secretary Peter Favila on Friday said the Philippines will begin preparations for a possible free-trade agreement (FTA) with the US, including a study on the continued viability of local industries under a zero tariff environment.
Favila said his report to Malacañan cited the Department of Trade and Industry is holding preparatory steps to start talks over a possible trade accord with the US, the country’s second largest trading partner.
Japan, the Philippines’ biggest export market and the biggest donor of overseas development assistance is the country’s biggest trading partner. A bilateral trade agreement with the said nation is already under way.
Favila said DTI’s steps responds to the American government’s long standing offer for both countries to sit in the negotiating table.
Favila said the DTI will consult industry representatives on the impact of a zero-tariff deal with the US and their willingness to enter such deal. He added these talks will be based on a study by the Philippine Institute for Development Studies (PIDS), which covers impact analysis on the general economy as well as on specific sectors, following the renewed interest of the US government.
Favila said these consultations are important for an RP-US FTA negotiation to gain ground.
"We’ll identify the necessary structural adjustments to ensure that our industries remain competitive in an FTA environment," he added.
Annual bilateral trade between the US and the Philippines exceeds $18 billion and cumulative direct private investment is at $3.5 billion. It is also a top destination of Philippine exports and is the Philippines’s second source of imports. In 2002, two-way RP-US trade amounted to $15.06 billion.
The Philippines continues to enjoy a favorable balance of trade with the US, registering a trade surplus of 42.30 billion last year.
In the investment arena, Central Bank figures show that US foreign direct investments (FDI) in the Philippines by the end of 2002 were valued at $3.3 billion, or 22 percent of total FDI.
News from the movements
4-May-2016 Public CitizenEurope, beware. The leaked TTIP text confirms that the United States is trying to export its failed regulatory model.
2-May-2016 ATTACDesde ATTAC argentina convocamos a la conformación de una Asamblea amplia y abierta con el objetivo de armar un espacio de campaña frente a los anuncios del gobierno de Mauricio Macri en el área de política comercial.
29-Apr-2016 Amigos de la TierraLos riesgos derivados del TTIP para la agricultura europea.
28-Apr-2016 Les Amis de la TerreL’accord commercial controversé entre l’Union européenne et les Etats-Unis pourrait être synonyme de catastrophe pour l’agriculture européenne, selon un nouveau rapport des Amis de la Terre.
28-Apr-2016 Friends of the Earth EuropeThe controversial trade deal being negotiated between the EU and the US could spell disaster for European farming, finds a new report from Friends of the Earth Europe.
22-Apr-2016 NotiméricaRepresentantes y activistas de más de 40 ciudades de toda Europa se han dado cita en Barcelona para intercambiar experiencias y tejer estrategias comunes para plantar cara al TTIP.
UE-Tunisie : 1er cycle de négociations commerciales. Diktat de la libéralisation commerciale ou partenariat authentique ?Mais plutôt qu’un partenariat, l’ALECA révèle en fait l’impérialisme commercial agressif de l’Union européenne.
21-Apr-2016 Forum Against FTAsAs the 12th round of trade negotiations for the RCEP commence in Perth (Australia) from 22 April onwards, several civil society organisations in India have raised concerns around transparency and possible negative impacts on several issues ranging from access to medicines, tax policy, investor rights and farmers access to seeds.
bilaterals.org is a collaborative space to share information and support movements struggling against bilateral trade and investment deals which serve corporations, not people. Multilingual. Global. No one owns it. Open publishing. Get involved.