Marcos backing for RCEP premature, think tank says

PRESIDENT Ferdinand R. Marcos, Jr.’s declaration of support for the Regional Comprehensive Economic Partnership (RCEP) is premature pending the resolution of the agriculture industry remaining unresolved, a think tank said. Policy research group Focus on the Global South said that the RCEP agreement is awaiting the Senate’s concurrence, where the trade deal is being studied […]

RCEP seen signed by early 2023

THE Department of Trade and Industry (DTI) said the Philippines could finally sign on to the Regional Comprehensive Economic Partnership (RCEP) trade agreement by early next year. Trade Undersecretary Ceferino S. Rodolfo told reporters on the sidelines of the recent National Export Congress 2022 in Pasay City that the DTI is hoping that the Senate […]

MAP urges Senate to act on RCEP after 10-month delay

THE Management Association of the Philippines (MAP) said the Senate must immediately ratify the Regional Comprehensive Economic Partnership (RCEP) agreement, citing the risk of losing out on foreign investment should further delays ensue. “Foreign investors will favor locating in other RCEP countries, including those already in the Philippines, who are likely to move their business out […]

Historical Jingchu hosts online matchmaking meeting with RCEP buyers

Wuhan, China, Oct 9, 2022 – (ACN Newswire via SEAPRWire.com) – As an important session of Historical Jingchu RCEP Machinery & Intelligent Manufacturing Cloud Exhibition, nearly 200 one-on-one online matchmaking meetings focusing on the prospects of Hubei-RCEP cooperation in Machinery & Intelligent Manufacturing were successfully held on Aug. and Sep. There are more than 40 […]

Agri dep’t preference for imports seen as hurdle to RCEP approval

THE Department of Agriculture’s (DA) recent track record of preferring imports as opposed to developing productive farms has been cited as a potential deal-breaker as the Senate struggles to approve the Regional Comprehensive Economic Partnership (RCEP) trade deal. The DA has “an unparalleled record of reckless importation, which is why stakeholders are very fearful,” Senator […]

Malaysian trade official urges PHL to sign up for RCEP  

A MALAYSIAN trade official urged the Philippines to ratify the Regional Comprehensive Economic Partnership (RCEP) trade agreement, citing the benefits from improved market access. Abu Bakar Yusof, Malaysia External Trade Development Corp. (MATRADE) deputy chief executive officer for exporter development, said at a news in Makati City on Tuesday that joining RCEP will also be […]

DTI’s Lopez says farmers to benefit from RCEP market opening, tech investment

TRADE Secretary Ramon M. Lopez said the Regional Comprehensive Economic Partnership (RCEP) trade agreement will benefit the agriculture sector via expanded market access and technology investment. “The agricultural sector is set to benefit from the RCEP agreement. These benefits range from improved market access in the RCEP region, cheaper access to raw materials, wider cumulation area, […]

DTI bills RCEP as recovery driver in Senate testimony

THE PHILIPPINE participation in the Regional Comprehensive Economic Partnership (RCEP) trade deal will help revive the slumping economy after the pandemic, the Department of Trade and Industry said in Senate testimony. “RCEP is expected to promote economic efficiency of member states, linking their strengths in manufacturing, technology, agriculture, and natural resources, and it will reinforce […]