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 […]
Tag: rcep
DTI presses Senate to approve RCEP trade deal within quarter
THE Department of Trade and Industry (DTI) asked the Senate to ratify the Regional Comprehensive Economic Partnership (RCEP) trade agreement before the end of the first quarter, saying that the Philippines is already missing out on the deal’s benefits. Trade Assistant Secretary Allan B. Gepty told BusinessWorld on the sidelines of an event organized by […]
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 […]
PCCI says concerns about RCEP no bar to joining trade bloc
THE Philippine Chamber of Commerce and Industry (PCCI) said the issues raised against joining the Regional Comprehensive Economic Partnership (RCEP) should pose no obstacle to participating in the trade deal. “Regarding the concerns of other sectors, I don’t think it should stop us. If you look at the broader picture, many of our Association of […]
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 […]
Marcos committed to joining RCEP — Trade dep’t
THE Department of Trade and Industry said the Marcos administration is committed to signing up for the Regional Comprehensive Economic Partnership (RCEP). “President Ferdinand R. Marcos, Jr. is committed to ratify it (RCEP),” Trade Secretary Alfredo E. Pascual said in a radio interview on Wednesday. Mr. Pascual said that the Philippines needs to join the […]
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 […]
Joint Foreign Chambers joins call for RCEP Senate concurrence
THE Joint Foreign Chambers (JFC) has urged the Senate to concur with the ratification of the Regional Comprehensive Economic Partnership (RCEP) agreement in a statement released Mo…
RCEP delay risks PHL exclusion from markets, exporters say
THE DELAY in ratifying the Regional Comprehensive Economic Partnership (RCEP) treaty risks freezing the Philippines out of a massive market, exporters warned. RCEP, which took effect on Jan. 1, is a free trade agreement among ASEAN countries, Australia, China, Japan, South Korea, and New Zealand. The Senate went into recess without ratifying RCEP before the […]
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 […]
Hong Kong: launch pad for GBA companies going global
HONG KONG, Nov 18, 2021 – (ACN Newswire via SEAPRWire.com) – Hong Kong is the ideal platform for mainland Chinese businesses in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) using the Regional Comprehensive Economic Partnership Agreement (RCEP) to go global, according to a joint report released by the Hong Kong Trade Development Council (HKTDC) and […]