We need further FDI liberalization Foreign direct investment (FDI) is important because the benefits to the destination economy are not limited to capital infusion but also technology transfer, management systems, sources of more production inputs, and extra access to foreign markets. Thus, Japanese FDIs coming to the Philippines not only bring in Japanese capital and technology, but also additional access to Japan and other export markets. ‘Build, Build, Build’ to shield Ph form US-China Trade War impact-Oxford Economics The Philippines’ ambitious plan to roll out more big-ticket infrastructure projects through the “Build, Build, Build” program will shield the domestic economy…

‘Asia-Pacific Business Stress Vital Importance of WTO, Climate Change Mitigation and Leveraging of the Digital Economy’ Senior business representatives from around the Asia-Pacific voiced strong support this week in the Chinese city of Hangzhou for the World Trade Organization (WTO) and a rules-based multilateral trading system. The group also stressed the importance of incorporating policies to mitigate and prevent negative climate change impacts, most notably on the most vulnerable communities. In addition, they underscored the enormous potential benefits from the digital economy and innovation for businesses, especially for women and micro, small and medium-sized enterprises (MSMEs) in the region. TPP-EU…

Analysis: APEC’s Merchandise Trade Moderates Yet Services Trade Improves Trade – once a key driver of growth for the Pacific Rim region – is slowing, and its moderation is affecting the economy, says the newest APEC Regional Trends Analysis, or ARTA. New Zealand appoints chair of APEC CEO Summit committee Barbara Chapman has been appointed chair of the CEO Summit Committee for APEC 2021, New Zealand Trade and Export Growth Minister David Parker announced on Thursday. Negotiation for PH-Korea FTA open: november 2019 deal eyed In a joint statement, Trade Secretary Ramon M. Lopez and South Korean Trade Minister Yoo…

Multilateralism: Chile’s contribution Chile will be hosting two major summits by the end of this year: APEC 2019 and COP 25 on Climate Change, which highlights the importance my country attaches to multilateralism as a driver in enhancing commitments to build a more equitable and sustainable planet. ‘Back on track’: Philippines, Chile revive talks on free trade pact Chile and the Philippines may finally sign a free trade agreement next year, a move expected to boost economic relations between the 2 countries, Chilean ambassador said Thursday. Philippines joins support for APEC 2019 priorities The Philippines joined 20 other economies of…

Philippine presses for non-tariff barriers at ASEAN meeting. Ph raised the need to review and eliminate trade-inhibiting non-tariff barriers (NTBs) at a recent meeting of Association of Southeast Asian Nation (ASEAN) ministers, the trade department said. EU FTA talks take back seat to GSP + Audit TALKS for a free trade agreement (FTA) between the Philippines and the European Union (EU) have taken a back seat to monitoring of the country’s commitments under a preferential trade arrangement it bagged from the bloc in December 2014, according to a source from the European Commission (EC). Brexit will not affect PH The…