China says the Philippines will play a key role in a proposed regional free trade agreement led by China.
ADB advisor Ganeshan Wignaraja said the Philippines must implement domestic reforms to make it more competitive should the RCEP be signed.
ASEAN ministers agree to push to achieve considerable progress on the the Regional Comprehensive Economic Partnership
With the United States looking to drop the Trans Pacific Partnership trade scheme, US Ambassador to the Philippines Sung Kim said Washington will be leaning towards bilateral free trade agreements.
The American Chamber of Commerce of the Philippines seemed to have taken the cudgels for the Philippine government by pushing for a bilateral free trade agreement with the United States.
Manila has asked Seoul to bring down to zero the tariff it slaps on Philippine pineapple exports to South Korea.
The Filipino Department of Trade and Industry will soon review the Philippines-Japan Economic Partnership Agreement, aiming to request its counterpart in Japan to lower the seasonal tariff on pineapples and bananas.
The Philippines while chair of Asean this year, will push for the conclusion of an agreement on the Regional Comprehensive Economic Partnership (RCEP) to pave the way for a mega regional free trade agreement (FTA) next year.
The Philippines will push for the expansion and deepening of the ASEAN services agreement possibly over a 10-year transition period to allow the liberalization of more sectors.
The Philippines will explore a bilateral free trade agreement with the US even as it will prioritize completion and implementation of existing and ongoing trade deals.
The recent investment arbitral decision against the Philippines in favor of the Belgian corporation should be a wake up call on the dangers posed by free trade and investment agreements.
Orders PH govt to pay Belgian firm P0.8 billion
Chinese Commerce Minister Gao Hucheng said China wants to work together with the Philippines to conclude the regional RCEP trade talks
Bigger countries are potentially derailing the progress of this regional economic agreement being negotiated between the 10 Asean countries and their six FTA partners – Australia, China, India, Japan, New Zealand and South Korea.
Both parties are now “undertaking their respective domestic processes for the ratification and entry into force of the agreement.
States such as Vietnam, Malaysia, Thailand and Philippines, which used to lean toward the United States (US), may now be seeking to find more favor with the Chinese.
The Duterte administration will look closely at the Regional Comprehensive Economic Partnership (RCEP), given its new policy of moving the country swiftly towards economic integration with its fellow-members in the Association of Southeast Asian Nations (ASEAN)
The Philippines is working towards closing the negotiations on the Regional Comprehensive Economic Partnership with other members of the Asean next year.
The Second round of talks for a free trade agreement between the European Union and the Philippines has been moved to early next year, delayed by “logistical” concerns.