ISDS Case Map
Philippines
More than 90 percent of Japan's banana import comes from the Philippines, where Sumitomo Corp. has been operating for 40 years. Sumitomo's profit quadrupled to Y 1.7 billion in the fiscal year ending March 31, 2009, boosted by the morning banana diet.
The global crisis has one positive and liberating aspect—policymakers and even once-arrogant neoliberal economists are now openly questioning the wisdom of untrammeled liberalization. The present global recession has abundantly shown that liberalizing the financial and other economic sectors wholesale sans rules is a formula for disaster, be it applied in a developed market economy like the United States or in a small developing economy like Haiti.
The European Union is reportedly open to negotiations for the possible lowering of tariffs or even granting duty-free treatment for canned tuna exports from the Philippines and other members of the Association of Southeast Asian Nations under a proposed free trade agreement with the 10-nation regional bloc.
Importers and brokers have resorted to using a controversial trade agreement between the Philippines and Japan to avoid paying the correct amount of taxes to the government, a ranking customs official said Monday.
The public believes that the 600,000 hectare biodiesel deal between the Philippines and Japan is the Jpepa in action, says Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya)
The Philippine government could lose as much as P600 million annually in foregone revenues if tariffs on dairy products are removed under the Association of Southeast Asian Nations-Australia-New Zealand Free Trade Agreement (AANZFTA), an industry group said yesterday.
While not part of the official AANZFTA negotiations, the Philippine government is preparing to ratify the free-trade agreement it signed as a member of ASEAN with the governments of Australia and New Zealand.
Pamalakaya’s Hicap believes the EU wants the ban on foreign ownership abolished because it would soon enter into a bilateral economic agreement with the Philippine government under the EU-RP Free Trade Agreement, where one of the major provisions is the removal of the ban on foreign ownership of land.
A petition lodged with the Philippine Supreme Court by non-governmental organizations (NGOs) argues that the investment chapter of the Japan-Philippines Economic Partnership Agreement (JPEPA) violates the Philippine constitution.
The European Union-Association of South East Asian Nations (EU-ASEAN) Free Trade Agreement (FTA) may pose difficulties for the Philippine rice sector while favoring that of Thailand.
