The British government would like the proposed EU-Philippines free trade agreement to be a comprehensive one with very few exceptions.
The Association of Southeast Asian Nations is eyeing to forge a free trade agreement with Hong Kong, which is seen to benefit the Philippines significantly, according to Trade Secretary Gregory L. Domingo.
While the Philippine fisheries sector is generally seen as competitive under the proposed free trade agreement with the European Union, exporters said the government should still provide small fishermen with “safety nets” from stiffer competition.
"The Philippines should not just enter into a deal out of fear of being left out," Alfredo M. Yao, president of the Philippine Chamber of Commerce and Industry, says.
The Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) on Wednesday warned the Aquino administration against entering into a bilateral free trade agreement with the European Union, saying the forging of such an agreement will lead to the flooding of imported fish from EU member-states.
Officials of the Department of Trade and Industry (DTI) will hold talks with their US counterparts within the next two months in a last-minute bid to join discussions for a free-trade area (FTA) in the Asia-Pacific region.
In the likelihood of a free-trade agreement between the Philippines and European Union, big processors, exporters of fish and the fish consumers in general will be the gainers while small-scale fishermen, small-scale fish processors and marketing agents, including women, will be among the losers, PIDS said in a report issued recently.
The Philippine Department of Trade and Industry is seen to press for more agricultural concessions for the country under the Philippines-Japan Economic Partnership Agreement, the general review of which is expected to be completed this year.
The government will put more teeth on initiatives, including education drives and linking small- and medium-scale enterprises (SMEs) to trade chains, to make free trade agreement (FTA) benefits trickle down to the grassroots, an official said Tuesday night.
To boost the country’s use rate of free trade agreements, the Department of Trade and Industry (DTI) is planning to give more lectures on FTAs the Philippines is party to and tap social media to expand the program’s reach.
The largest group of businessmen in the Philippines is preparing for new trade agreements that will enable the country to join the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership.
The initial stages of negotiations for the Philippines-European Free Trade Agreement may start first quarter of 2014, Trade undersecretary Adrian Cristobal Jr. said.
A feasibility study on signing an Economic Cooperation Agreement (ECA) between Taiwan and the Philippines is nearing completion, the Philippines’ top envoy to Taiwan said recently.
Further opening up the Philippine’s agriculture industry to competition with the European Union through a free trade agreement may put the sector at risk, according to the head of the non-government organization IBON Foundation, Inc.
While details of a possible trade pact between the Philippines and the European Union (EU) have yet to be finalized, a non-government organization has expressed concern that the agreement would be too ambitious for the Philippines and undermine its development.
The Philippines may seek for flexibility from members of the Trans-Pacific Partnership (TPP) to be allowed to join the trade pact without having to amend the Constitution.
The Philippines is now in a position to start working on free trade agreements with the European Union, according to the Philippine Exporters Confederation Inc. (Philexport).
The Government is sending a team to Europe later this month for talks about possible free trade agreements (FTA) with two European blocs, a Trade official said last week.
"We will be sending a delegation to Europe third or fourth week of November to continue technical discussions on a possible Philippines-EU (European Union) FTA in Brussels and Philippines-EFTA (European Free Trade Association) FTA in Geneva," Trade Undersecretary Adrian S. Cristobal, Jr. told reporters last week.
The Philippines and four countries in Europe that are not part of the European Union are eyeing a free trade deal, the Department of Trade and Industry said.
A possible free trade agreement (FTA) between the Philippines and Switzerland may push through as the two countries are set to sign a separate agreement creating a commission to lower tariffs and increase trade.