ISDS Case Map
RCEP
The country’s economic sovereignty that will supposedly provide a ground for the flourishing of local agriculture and production has been once again gnawed by global corporate interests.
The Senate should withhold its concurrence with the treaty until the necessary policies, strategies, and programs are emplaced so that the RCEP benefits, and does not harm, the agricultural sector and the economy as a whole.
The Senate on Tuesday night concurred with the ratification of the Philippines’ membership in the Regional Comprehensive Economic Partnership Agreement or RCEP, the latest country in Southeast Asia to join the world’s largest free trade deal.
The Kilusang Magbubukid ng Pilipinas said the Philippines’ agriculture sector stands to lose the most under the Regional Comprehensive Economic Partnership (RCEP) trade agreements.
The government is considering the establishment of more bilateral free trade agreements to access broader markets for Cambodia-made products.
Farmer groups maintain their opposition against the Regional Comprehensive Economic Cooperation (RCEP) as Senate resumes its deliberations Tuesday, Feb. 7, on the country’s participation in the mega trade deal.
Several agricultural groups reiterated their opposition to the ratification of the Philippine participation in the Regional Comprehensive Economic Partnership (RCEP) saying it could hurt local farmers.
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.
The trade ties between Indonesia, which became the latest member to join the Regional Comprehensive Economic Partnership (RCEP), and Cambodia are expected to go up, but the textile sector in both countries is unlikely to benefit from the agreement, according to some experts.
Hong Kong may join the Regional Comprehensive Economic Partnership trade agreement in the coming summer at the earliest. RCEP has started coordinating negotiations on Hong Kong's application.
