Leaders from the ASEAN have said that the RCEP will boost global trade
DTI Secretary Ramon Lopez said that an agreement on the RCEP has not yet happened as member countries need to fine-tune details of the pact
"We’re comfortable and happy with the generalized system of preferences. If ever there are initiatives to work on an FTA, we’ll be open to that, but we won’t be bringing it up," says Philippines Trade Secretary.
Conclusion of the RCEP deal will be a priority at the ASEAN Summit in Manila
The Association of Southeast Asian Nations remains committed to conclude the Regional Comprehensive Economic Partnership (RCEP) at the soonest , said the Philippine Department of Foreign Affairs
Asean where the Philippines is part mulls free trade agreements with Canada, the United Kingdom, Russia, the European Union as well as the Eurasian Economic Union.
The Department of Trade and Industry (DTI) said the conclusion of the ASEAN-led free trade agreement RCEP is expected to further strengthen trade in the region.
The European Commission said on Tuesday the Philippines’ human rights record could influence future trade ties, but denied reports that it had suspended free trade negotiations with Manila.
Mining firms should not resort to international arbitration in forcing the Department of Environment and Natural Resources to revoke its decision to suspend 28 mines and cancel 75 mineral-production sharing agreements.
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.