- 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.
Upcoming days of action
Oct to Nov: autumn of action against CETA in Europe incl. Austria, Belgium, Bulgaria, France, Italy, Germany, Greece, Netherland, Slovenia, Spain... - details
21 Oct: mobilisation against CETA in Montreal - details
27-28 Oct: mobilisation in Brussels against CETA - contact
03-05 Nov: mobilisation in Brussels against TTIP - contact
4 Nov: Continental day for democracy and against FTAs & neoliberalism in Latin America - contact
Any edits, please contact us
News from the movements
20-Oct-2016 El DiarioHoy es un día clave en la defensa de la democracia tal y como la hemos entendido hasta ahora.
20-Oct-2016 Bangkok PostAccess to affordable medicine and farmers’ control over seeds could be undermined by the Regional Comprehensive Economic Partnership being negotiated between Asean member countries and six other trade partners, says FTA Watch in Thailand
20-Oct-2016 CEOA close look at the controversial EU-Canada trade deal shows that concerns blocking its ratification are well-founded.
19-Oct-2016 Telesur“We don’t want what happened to us to happen to the people in Dakota,” Piaguaje told teleSUR.
18-Oct-2016 Peoples WorldIn protests billed as “anti-colonial” demonstrations, Peruvians hit the streets on 12 October against the Trans-Pacific Partnership and the Trade in Services Agreement
17-Oct-2016 No al TTIPEn el marco de una semana repleta de protestas para detener la aprobación del tratado de libre comercio entre la Unión Europea y Estados Unidos (TTIP) y la ratificación del CETA (el acuerdo de la Unión Europea con Canadá), la plataforma estatal ‘No al TTIP’ ha movilizado este sábado a miles de personas a lo largo de la geografía española y muy especialmente en la capital de España.
17-Oct-2016 Stop TTIPOver 100 law professors from across Europe have come together to send a clear message to EU decision makers demanding the investor protection mechanisms be excluded from TTIP and CETA.
17-Oct-2016 The Jakarta PostAn activist group is calling on the government to not ratify the ASEAN Regional Comprehensive Economic Partnership (RCEP) clause on International Union for the Protection of New Varieties of Plants (UPOV) 1991, saying that it will increase global corporations’ monopolistic control over small farmers.
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.