Categories
Government

PH ECONOMY TO BENEFIT FROM RCEP AGREEMENT – LOPEZ

With the Regional Comprehensive Economic Partnership (RCEP) Agreement set to enter into force on January 1, 2022, securing Senate concurrence to the ratification of the Agreement becomes more urgent for the Philippines. Many economists and international organizations have already expressed views on the value and importance of the RCEP Agreement to the Philippines and to […]

Categories
Politics

PROMOTE ‘ONE TOWN, ONE PRODUCT’ – GATCHALIAN

To further encourage the growth of local micro, small and medium enterprises (MSMEs), considered as the backbone of the country’s economy, Senator Win Gatchalian sought to institutionalize “One Town, One Product (OTOP) Philippines” through Senate Bill No. 2366 or the One Town, One Product Philippines Act. The bill seeks to enable the recovery of local […]

Categories
Government

PH TO BENEFIT FROM RCEP AGREEMENT – LOPEZ

An online public hearing for the Regional Comprehensive Economic Partnership (RCEP) Agreement was conducted by the Senate Committee on Foreign Relations (CFR) recently. The hearing was led by Senator Koko Pimentel, Chairperson of the CFR and attended by representatives from the government, academe, private sectors, and civil society organizations. The Department of Trade and Industry […]

Categories
Government

PH IS MOST IMPROVED COUNTRY IN PPI LIST – LOPEZ

The Philippines was named the most improved country in the 2021/2022 Peddling Peril Index (PPI) of countries implementing strategic trade regulations. The Philippines’ ranking increased by 273 points from 482 points the previous year to 755 points, moving up from 86th place in 2020 to 49th place in 2021. “PPI rates 200 nations based on their strategic […]

Categories
Government

PH TRADE TO BENEFIT GREATLY FROM RCEP – LOPEZ

The Department of Trade and Industry (DTI) hosted the “International Trade Forum: Benefits of the Regional Comprehensive Economic Partnership (RCEP) Agreement to the Philippines” via Zoom recently. Attended by over 300 participants, the forum is the first in a series of webinars on RCEP that the DTI is spearheading to inform stakeholders of the Agreement, […]

Categories
Politics

BILL AMENDING RETAIL TRADE LAW GETS SENATE OK

The Senate approved on third and final reading a measure that aims to further relax qualifications for foreign retailers to enter the Philippines. Voting 20-0-0, the chamber passed Senate Bill No. (SBN) 1840 seeking to amend Republic Act (RA) No. 8762, otherwise known as the Retail Trade Liberalization Act (RTLA) of 2000. “The proposed measure […]

Categories
Government

PH, INDIA TAP NEW TRADE, INVESTMENT DEALS – LOPEZ

Department of Trade and Industry (DTI) Secretary Ramon Lopez pushed for further strengthening of the Philippines and India’s trade and investment relationship during the virtual courtesy call of India Ambassador to the Philippines Shambhu Kumaran recently. Both countries discussed the necessary steps to create more market opportunities and improve their bilateral trade relations. Lopez discussed […]

Categories
Politics

S. COTABATO EYES ‘SISTERHOOD’ WITH N. KALIMANTAN

The provincial government of South Cotabato is pushing for the forging of a sisterhood agreement with North Kalimantan province in Indonesia as it moves to open up exchanges between the two areas. South Cotabato Governor Reynaldo Tamayo Jr. said they are set to embark on exploratory discussions with their counterparts in North Kalimantan for the […]

Categories
Government

PH APPLIES NEW TRADE SCHEME WITHIN ASEAN – LOPEZ

The Philippines, together with the other nine ASEAN (Association of South East Asian Nations) member states has begun to implement the ASEAN-Wide Self-Certification Scheme (AWSC) starting 20 September 2020.   The AWSC simplifies and streamlines origin certification procedure to claim and be granted lower duties or, in most cases, duty-free treatment when using the ASEAN […]

Categories
Government

PH AGRI-FISHERY EXPORTS UP BY 12% IN Q1 – DAR

Exports of agriculture and fishery products have provided the bright spot to the otherwise bleak picture of the country’s trade numbers. The Department of Agriculture said export shipments of agri-fishery products from January to March 2020 grew by 12 percent to $1.31 billion, from $1.17B recorded for the same period in 2019, citing data from […]