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.
The launch of the Asean Economic Community (AEC) in December 2015 was a milestone for Asean economic integration, which is, however, an ongoing process.
Once approved, RCEP will promote free flow of goods and services among countries accounting for 30 percent of the global economy and half the world’s population.
APRN statement on the RCEP Ministerial meeting in Cebu, Philippines on 3-4 November 2016
The viability of the Filipino nickel industry is in a state of flux following President Rodrigo Duterte’s national audit of the country’s forty mines. Lawyers explore ISDS options.
EU businessmen affirmed their full commitment to the Philippines as an economic partner.
The Philippines is eyeing to forge a free trade agreement with Mexico to further deepen the bilateral trade and investment ties between the two countries.
The Philippines will further define the country’s offensive interests and sensitivities in the ongoing bilateral free trade agreement negotiations with the European Union (EU).
European car distributors are asking the government to seek tariff concession for automotive under the planned Europe-Philippines free trade agreement (FTA).
The Philippines Department of Trade and Industry is aggressively pursuing free trade talks with key trading partners, including the European Union and Chile, as it seeks to follow through with the gains achieved by the last administration.
The Philippines is eager to join the 12-nation Trans Pacific Partnership trade deal and it has already held informal talks with the United States to do so.
Shell Philippines Exploration BV has raised its tax dispute with the Philippine government before the International Centre for Settlement of Investment Disputes
The U.S. Chamber of Commerce released a study that assesses a number of aspects of Philippine trade and investment law against the obligations contained in the Trans-Pacific Partnership (TPP) agreement
The Philippines has been seeking review of JPEPA since Japan has not fulfilled its commitments under the agreement.
The European Commission will push for robust provisions on trade and investment in energy and raw materials in a free trade agreement with the Philippines