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7/31/2019 Status of Philippine Free Trade Agreements
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Free Trade Agreements (FTAs) of the Philippines
Status and updates
7/31/2019 Status of Philippine Free Trade Agreements
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PRE
SENTATIONOUTL
INE
Content
I. Overview
1. Philippine Mandate
2. Rationale
II. RP Free Trade Agreements
1. ASEAN FTA
2. ASEAN China FTA
3. ASEAN Japan CEP
4. ASEAN Korea FTA5. ASEAN ANZ FTA
6. ASEAN India FTA
7. ASEAN EU FTA
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OV
ERVIEW
RP Mandate
The Philippine Medium and Long Term Development PlansThe Philippine Medium and Long Term Development Plans
Appropriate international engagements, including Free TradeAgreements (FTAs) and similar arrangements.
Such endeavors shall increasingly take place in the context of ourmembership in the ASEAN
Executive Orders 133 and 292Executive Orders 133 and 292
DTI to spearhead such engagements
Reasons for RP Participation
Means to promote trade andMeans to promote trade and
investment flowsinvestment flows
Ensure continued and enhancedEnsure continued and enhancedmarket access for ASEANmarket access for ASEANs exportss exports
Draw greater and sustained inflowsDraw greater and sustained inflowsof FDIof FDI
Mutual support on issues ofMutual support on issues ofcommon interest in internationalcommon interest in international forafora
Maintain competitivenessMaintain competitiveness Portfolio diversificationPortfolio diversification
CrossCross--border industrialborder industrialcomplementationcomplementation
Advantages of geographicAdvantages of geographic
proximityproximity Leverage inLeverage in FTAsFTAs
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FTAs of the Philippines
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AFTA
ASEAN Free Trade Area
The Only Full FTA that the Philippines is Party toThe Only Full FTA that the Philippines is Party to
IntraIntra--ASEAN Integration is composed of:ASEAN Integration is composed of:
1. Liberalization1. Liberalization Common Effective Preferential Tariff (CEPT) and Priority IntegraCommon Effective Preferential Tariff (CEPT) and Priority Integrationtion
Sectors (PIS)Sectors (PIS)
ASEAN Framework Agreement on ServicesASEAN Framework Agreement on Services
ASEAN Investment AreaASEAN Investment Area2. Facilitation2. Facilitation
ee--Customs/Single Window; Standardization and Harmonization; multiCustoms/Single Window; Standardization and Harmonization; multi--modal transport; logistics; emodal transport; logistics; e--commercecommerce
3. Cooperation3. Cooperation Bridging Development GapsBridging Development Gaps
SubSub--Regions/Growth AreasRegions/Growth Areas
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7/31/2019 Status of Philippine Free Trade Agreements
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AFTA
ASEAN Economic Community (AEC)
One of the three key pillars of the envisaged ASEAN Community End goal of economic regional integration as declared by the ASEANLeaders at the Bali Summit in October 2003 (Bali Concord II)
To be established by 2015 as agreed by the ASEAN Leaders at the 12th
ASEAN Summit
Characteristics of the AEC
These characteristics are inter-related and mutually reinforcing.
A single market and production base
A highly competitive economic region
A region of equitable development
A region fully integrated into the global economy
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AC
FTA
ASEAN - China Free Trade Area
Status Preferential tariff concessions under the Trade in Goods Agreement being
implemented.
ASEAN and China have initiated the process of eliminating non-tariff barriers
(NTBs). First activity is to exchange information on NTMs of both Parties. Trade in Services Agreement including first package of commitments
signed in January 2007. ASEAN and China currently negotiating a secondpackage of improved commitments.
Negotiations on the Investment Agreement have concluded, withagreement scheduled for signing at the ASEAN-DP Summit in early April2009.
Conducted a mid-term review of the TIG Agreement. The mid-term review of
the TIG focused on the implementation of tariff commitments made underthe TIG and the early harvest program, the bilateral trade between ASEANand China prior to and after the implementation of the TIG and the utilizationof the certificates of origin Form E.
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AJCEP
ASEAN Japan Comprehensive Economic Partnership Agreement
Modality on Trade in GoodsModality on Trade in Goods
Normal Track: 10 years upon entry into force
Sensitive Track: 0-5% in 10 years
Cumulative rules of origin
Provisions for possible future negotiations in services and inveProvisions for possible future negotiations in services and investmentstmentnext year; in the meantime, commitments in bilateralnext year; in the meantime, commitments in bilateral EPAsEPAs and BITSand BITS
will applywill apply
Final StagesFinal Stages
All parties have signed as of 12 April 2008
Will enter into force with respect to ratifying parties two months after IORis deposited with secretariat
http://images.google.com.ph/imgres?imgurl=http://www.aaroncandace.com/TravelAlbums/EastAsia/Japan-flag.jpg&imgrefurl=http://www.aaroncandace.com/TravelAlbums/EastAsia/index.html&usg=__Ig-gBEvlyyPJ3wVoeQ2Vm6cDBog=&h=288&w=432&sz=5&hl=tl&start=6&tbnid=kjNbItduCTQWSM:&tbnh=84&tbnw=126&prev=/images%3Fq%3Djapan%2Bflag%26gbv%3D2%26hl%3Dtl7/31/2019 Status of Philippine Free Trade Agreements
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AKFTA
ASEAN Korea Free Trade Agreement
1. Trade in Goods now operational
Provides for the substantial reduction/elimination of tariffs and otherbarriers to trade by 2010, with flexibility up to 2012.
It covers the following tracks:
1.Normal Track (2006-2010)2.Sensitive Track (2012-2016)
Bonus: Korea waives reciprocity requirement for $28M RP exports
2. Trade in Services now operational
3. Investment Agreement being negotiated
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AANZFTA
ASEAN Australia New Zealand Free Trade Agreement
Recently signed at the 14thASEAN Summit in Hua Hin Thailand last
February 27, 2009.
A comprehensive single undertaking FTA
Includes:
1. Trade in Goods Chapter (ROO, Customs, SPS, STRACAP, SafeguardChapters)- Normal Track: by 2013- Sensitive Track: 0-5% by 2020
- Exclusion: subject to bilateral negotiations2. Trade in Services (including financial and telecommunication services
annexes)3. Electronic Commerce Chapter4. Movement of Natural Persons Chapter5. Intellectual Property Chapter6. Competition Chapter7. Economic Cooperation Chapter
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AIF
TA
ASEAN India Free Trade Agreement
1. Trade in Goods Agreement
Negotiations for the modality for tariff reduction/elimination for the ASEAN-India FTA completed. However, recent issues have been raised regardingthe implementation of the TIGA which has delayed the signing of theagreement.
2. Trade in Services and Investment Agreement
Simultaneous negotiations for services and investments have started. Thenagain, negotiations have been put on hold given the current situation with
the TIGA.
http://images.google.com.ph/imgres?imgurl=http://www.britishcouncil.org.br/champions/blog/upload/06052008074302_India_flag.gif&imgrefurl=http://www.britishcouncil.org.br/champions/blog/c_article_display.asp%3Fidb%3D18%26v%3D501852426%26ida%3D124&usg=__zvdNmf8QAd9HxkyQAhqDMLcPlQU=&h=240&w=360&sz=7&hl=tl&start=3&tbnid=HTXuvEKJGmKqYM:&tbnh=81&tbnw=121&prev=/images%3Fq%3Dindia%2Bflag%26gbv%3D2%26hl%3Dtl7/31/2019 Status of Philippine Free Trade Agreements
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AEUFTA
ASEAN European Union Free Trade Agreement
Started exchange of views relating to various FTA elements (guidingprinciples, modalities for tariffs, services and investment liberalization, etc)under the ASEAN-EU FTA.
Has also established seven expert groups (tariffs and non-tariff barriers;ROO; services and establishment; DSM; SPS; TBT and customs and trade
facilitation)
However, negotiations have currently been put on hold given theinvolvement of Myanmar in the FTA. Although both sides are reflecting onpossible ways to move forward (by studying different possible methods of
approach of tackling the FTA).
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Thank you.
The floor is now open for your questions.