Both Filipino and Japanese workers will lose out under the proposed Japan-Philippines Economic Partnership Agreement (JPEPA) according to a report by Mr. Takemasa Ando, a researcher from Waseda University in Tokyo.
The Philippines’ top diplomat said Wednesday he hoped to sign a delayed free-trade deal with Japan in July to mark the 50th anniversary of the re-establishment of relations after World War II.
A visiting Japanese researcher accused her own government of extending international aid that runs counter to the interest of the Filipinos. Kayoko’s observation came after members of the Philippine House of Representatives petitioned the Supreme Court to stop the government from finalizing an economic agreement with Japan.
The United States government is intensifying its economic relationship with the Philippines through the Trade and Investment Framework Agreement (TIFA) as the two countries work on starting negotiations for a free trade agreement (FTA).
Akbayan Citizens’ Action Party has asked the Philippine Supreme Court to stop the government from finalizing an economic agreement with Japan, which the party-list group alleges contains a provision that will allow this country to trade its hazardous and toxic waste products.
The Philippine exploratory mission to the US on the proposed specific preferential trading for the garment sector was met with cold treatment as top level government officials, Congress representatives and its private sector still prefer a comprehensive free trade area (FTA) agreement.
New Zealand has offered to sign a free trade agreement with the Philippines to boost bilateral relations, an official said yesterday.
The conclusion of a Philippines-US free trade agreement (FTA) will drastically impact on the country’s agriculture because it is labor intensive and employs large number of people, according to a recent paper published by De La Salle University experts.
Exporters are pressing the government to pursue bilateral free trade arrangements to enable them to benefit from liberalization instead of waiting until 2013 for developed countries to lift their subsidies on agricultural exports.
The reduction of tariffs on wide range of agricultural products as mandated by Executive Orders 485 and 487 under the China-ASEAN FTA would impact the Philippines’ vegetable and fruit industries, a coalition of nongovernment organizations for the agriculture sector said.
THE Philippines and Japan are working double time to be able to firm up within this year their long-delayed economic pact aimed at easing trade restrictions between the two nations.
The Office of the Solicitor General (OSG) yesterday asked the Supreme Court to reconsider its decision allowing the government to take over Terminal 3 of the Ninoy Aquino International Airport (NAIA) only after payment of an initial P3.002 billion to the Philippine International Air Terminals Co. (PIATCO) representing the proffered value of the facilities.
Japan has urged the Philippines to restart talks on the stalled negotiations of the bilateral Economic Partnership Agreement (EPA) so they can conclude all negotiations within the month. The Philippines has remained non-committal until a case filed by civic groups with the Supreme Court, seeking a temporary restraining order to bar the Philippine government from concluding the bilateral Free Trade Agreement (FTA) with Japan, is resolved.
The Japanese are keen on resolving contentious issues on the automotive sector under the Japan-Philippines Economic Partnership Agreement within the month.
Japan said Saturday it had agreed to accelerate negotiations on separate free-trade pacts with Indonesia, Thailand and the Philippines in meetings held ahead of the inaugural East Asia Summit.
Hyundai Motor Co. will put up a car-assembly plant in the Philippines after the Association of Southeast Asian Nations (Asean) and South Korea forge a free-trade agreement, according to the Korean carmaker’s sole distributor in Manila.
Philippine House Committees on globalization and trade will study 35 bilateral agreements the Philippines forged over the past decades with some countries.
The Philippines and South Korea are drafting a framework of agreement for the proposed free trade area in time for the visit of South Korean President Roh Moo-hyun to the Philippines in December this year.
The Philippines hopes to secure a deal with Japan by next month on the proposed free trade agreement.
The Philippines will push for a provision in a planned free-trade deal with Japan that would allow renegotiation on motor vehicle tariffs by 2009.