A group of farmers has threatened not to support re-electionist senators if they will not junk the Regional Comprehensive Economic Partnership (RCEP), a mega trade deal. In a statement, the Federation of Free Farmers (FFF) urged the Senate to reject the RCEP trade agreement when it is presented for...
The opposition coming from the farmers’ groups against the ratification of the Regional Comprehensive Economic Partnership (RCEP) has intensified, with as many as 45 groups with thousands of members combined claiming they were not consulted about the Philippines’ commitments on the treaty as...
The Federation of Free Farmers (FFF) urged the Senate to defer the ratification of the Regional Comprehensive Economic Partnership (RCEP) trade agreement pending the conduct of consultations with farmers. 42933 In a statement, the FFF pointed out that the Department of Agriculture (DA) has not...
Revenue collection from tariffs on imported rice exceeded the minimum funding requirement for the Rice Competitiveness Enhancement Fund (RCEF) in the first eight-months of the year, the Department of Finance (DOF) said. Palay In a statement, the DOF said the Bureau of Customs collected P11.69...
Trade and Industry Secretary Ramon M. Lopez has raised the likelihood of allowing lower tariffs on rice from India as a way of minimizing tariff barriers for the Philippines very vital commodity. Lopez mentioned this during the Philippines Federation of Indian Chambers of Commerce (FICCI) and the...
Bank of China Manila said it will increase its loan portfolio by more than 20 percent this year as well as hire more workers to support its growth in the country as it anticipates more Chinese firms investing and expanding operations here, especially with the implementation of the Regional...
The Philippines has exempted most of the farm produce, including rice, and some industrial products such as cement and auto parts from the Regional Comprehensive Economic Partnership (RCEP) to shield these domestic industries from the impact of the mega trade deal that opens 98.1 percent of the...
Businessmen are hopeful that the newly signed RCEP will stimulate trade, investment and digital transformation among member countries. Amb. Benedicto V. Yujuico, president of the Philippine Chamber of Commerce and Industry (PCCI), cited the timely completion of the world’s biggest free...
After 8 years of negotiations, trade ministers from 15 countries are set to sign tomorrow, Nov. 15, the China-backed Regional Comprehensive Economic Partnership (RCEP), creating the world’s biggest free trade area (FTA) agreement. “The RCEP has finally been concluded and finalized by all trade...
HANOI, Vietnam (AFP) - Fifteen Asia-Pacific nations are set to sign an enormous free trade deal at an online summit that started Thursday, with the pact seen as a coup for China in extending its influence across the region. Once signed, the Regional Comprehensive Economic Partnership (RCEP) will be...
Despite declining volumes amid the global economic slump, revenues from rice imports surpassed the government’s full-year target in the first nine-months of the year, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the Bureau of Customs...
