The government will try a novel approach in securing a free trade agreement (FTA) with the United States since the US does not believe that the Philippines is ready for a full bilateral FTA.
The United States appears uninclined to forge a bilateral free trade agreement with the Philippines, citing the latter’s seeming inability to make good its commitments.
The government is set to pursue plans to enter into an economic partnership or free-trade agreement with its largest trading partner the United States, Trade Undersecretary Thomas Aquino said.
The Department of Agriculture will work for a better market for tropical vegetables in a proposed Philippines-Japan free trade agreement (FTA) as Japan is believed to be more inclined to favor tropical vegetables grown by small farmers over tropical fruits grown by multinational companies that already widely dominate its market.
The negotiations for the signing of the country’s first free-trade agreement ended up in a stalemate again after Japan has yet to act on the request of the Philippines to allow entry to Filipino nurses, health workers and lawyers.
Through an extensive and intimate participation in the political process behind economic reforms, U.S. monopoly capital is able to shape the contours of U.S.-Philippine "special relations" for its own avaricious ends.
The option of forging separate bilateral free-trade agreements (FTAs) with various countries could put the Philippines at a tighter disadvantage than it presently is under the World Trade Organization (WTO), government negotiators and economic experts admitted.
Japan will hold free-trade talks early next year with Malaysia, Thailand and the Philippines, Prime Minister Junichiro Koizumi said Thursday.
JAPAN-PHILIPPINE ECONOMIC PARTNERSHIP AGREEMENT JOINT COORDINATING TEAM REPORT