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Philippines


Japan reneges on JPEPA commitment
The local automotive industry has asked the government to remind Japan of its commitment to bring in fresh investments into the Philippines under the Japan-Philippines Economic Partnership Agreement.
Clinton to launch US, PHL partnership on trade, investments
US Secretary of State Hillary Clinton is visiting the Philippines on Tuesday to initiate the Obama administration’s Partnership for Growth (PFG) program for devising measures to facilitate trade and investments in conflict, poverty and graft stricken countries
RP, Japan agree PJEPA overhaul
The Philippines and Japan are in agreement to undertake a comprehensive review of its bilateral free trade agreement, but are likely to clash in their objectives as the Philippines is set to go for more protection of its interest, like higher tariffs on some imports from Japan, in contrast to Japan’s call for further trade liberalization and other sectors covered under the agreement.
’Save Act’ skips Obama’s FTAs
President Barack Obama on Friday signed three, and possibly the last of his administration, free trade agreements with South Korea, Colombia, and Panama, but skipped the Philippines proposed “Save Our Industries Act,” which the Aquino administration hoped to become a rider in one of these trade bills.
Comprehensive PJEPA FTA review pushed
The Philippines is expected to call for a comprehensive review of its free trade agreement with Japan to put the country in a better position, but such move should not be in conflict with Japan’s stance that the review should only focus on further liberalizing this bilateral trade agreement.
Philippines: EU remains interested in FTA
The European Union continues to seek a free trade agreement with the Philippines as it is seen to be the key in increasing foreign investments into the Philippines, including the green and renewable energy sector.
Aquino may take up PJEPA
The Philippine Department of Trade and Industry is studying whether it has to recommend the inclusion of the Philippines-Japan Economic Partnership Agreement or not in the agenda of the official visit of President Aquino in Japan later this month.
Philippines refuse to open up its services market to Indian professionals
The Philippines has refused to make any meaningful offer to open up its services market to Indian professionals, thus playing the spoilsport in the recent India-Asean services negotiations in Indonesia.
SC urged to rule against implementation of Japan-Philippine trade deal
A multisectoral group urged the Philippine Supreme Court to rule on its petition filed in 2008 that sought to stop the implementation of the Japan-Philippines Economic Partnership Agreement (JPEPA).
US presses Vietnam ahead of ASEAN meeting
A top US trade official on Tuesday said he urged Vietnam to undo a number of trade-restrictive policies aimed at curbing inflation and reducing the country’s current account deficit.
FTAs propel coconut exports growth
The Philippine coconut industry is optimistic that coconut exports are bound to grow further in markets where the Philippines has free trade agreements (FTAs) with, the industry association said.
Philippines prepares for regional economic integration by ’15
The Philippines will be focusing on beefing up regulatory reforms in various sectors, in preparation for integration into the Association of Southeast Asian Nations Economic Community (AEC) by 2015.
Caregiver training
The third batch of Filipino caregivers who completed a pre-training course in Japanese left for Tokyo Monday to complete their training prior to becoming fully accredited caregivers in Japan.
Exporters urged to use lower tariffs under free trade deal
Filipino exporters are encouraged to take advantage of reduced tariffs under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) to increase their exports of goods and services to Australia, the world’s 13th largest economy.
Gov’t signs letters of intent with Philippines in economic meetings
Taipei and Manila managed to reach various consensuses and sign two letters of intent during their just-concluded economic cooperation meetings in the Philippines, Taiwan’s economics minister said yesterday.
FTA with Korea, Taiwan urged to boost auto sector
Free-Trade agreements with South Korea and Taiwan. This is what the State-owned think tank Philippine Institute for Development Studies (PIDS) is urging the government to forge in order to help boost the local automotive industry.
Customs misses 1st-half target by 8.6%
The Bureau of Customs on Wednesday said its collections in the first six months were 8.6-percent below target due to a strong peso and partly as a result of slower imports following Japan’s twin disasters in March.
US-PHL: Trade deal entry offered
Washington has asked Manila to consider joining a regional free trade agreement to open up the Philippine economy, the United States ambassador said.
PIDS tapped to do impact study on free trade agreements
The Department of Trade and Industry has tapped the Philippine Institute for Development Studies to evaluate how the country has benefited so far from the various trade agreements entered into by the government, both bilateral and through the Association of Southeast Asian Nations.
Senate archives Chief calls Senators ’liars’
A section chief at the Senate accused lawmakers who signed the Japan-Philippines Economic Partnership Agreement (JPEPA) of being “big liars” and betraying public trust as she revealed that contrary to the interest and safety of the Filipinos, toxic and nuclear wastes from Japan will be brought into the country.