Philippines and Korea have concluded negotiations paving the way for bilateral free trade agreement (FTA) that would further liberalize trade in goods between the two countries, including gradual elimination of tariffs on Philippine bananas and canned pineapple exports and exports of Korean...
Malacanang has ratified the Regional Comprehensive Economic Cooperation (RCEP), a mega free trade deal seeking to grant zero duty on goods traded among 15 countries that account for 29 percent of global gross domestic product. The document was ratified by President Rodrigo Duterte on September 2...
Global merchandise trade hits record high, confirming the strength of trade recovery from the shock of the COVID-19 pandemic, although the new waves of infection could easily undermine recovery, according to the latest World Trade Organization's (WTO) latest Global Trade Barometer. WTO The Goods...
The Philippine government was told to assert its position at the World Trade Organization (WTO) regarding harmful subsidies that bigger countries like China provide their commercial fleets, resulting in overfishing and encroaching in disputed waters. This, since China alone gives out P325 billion...
The Philippine government asked fellow agriculture and trade ministers at the World Trade Organization (WTO) to fast-track trade negotiations and come up with new disciplines to eliminate subsidies that contribute to illegal, unreported, and unregulated (IUU) fishing, overfished stocks, and...
The World Trade Organization (WTO) is expected to come up with a decision later this year on the proposed waiver agreement on the patents of COVID-19 vaccines, but the EU, which hosts the most number of COVID-19 vaccine manufacturers, has opposed the planned patent waiver and instead pushed for a...
Global merchandise trade is continuing to recover in 2021 following a steep but brief pandemic-induced drop in the second quarter of last year, according to the latest WTO Goods Trade Barometer. The Goods Barometer released on May 28 is a composite leading indicator for world trade, providing...
President Duterte has issued an executive order (EO) creating the Philippine Trade Facilitation Committee (PTFC) to comply with the country's commitments under the World Trade Organization-Trade Facilitation Agreement (WTO-TFA). President Rodrigo Duterte (File photo/Malacañang) Executive...
At least $500 million worth of garment and apparel importation from top international buyers, particularly US brands, have been shifted to the Philippines, according to the Foreign Buyers Association of the Philippines. This was announced by Robert M. Young, FOBAP President and trustee of the...
Prospects for a quick recovery in world trade have improved as merchandise trade expanded more rapidly than expected in the second half of last year with the Asian region meeting global demand, according to the new estimates of the World Trade Organization. A WTO report posted in its website...
The Philippines will not stop its ongoing domestic processes for the suspension of trade concessions to Thailand even if it agreed to the creation of a facilitator-led process at the World Trade Organization to come up with a comprehensive solution to Bangkok’s continuing non-compliance to the...
GENEVA (AFP) - Ngozi Okonjo-Iweala takes over the World Trade Organization on Monday amid hopes that she will spur the beleaguered body into addressing its towering challenges, including the pandemic-fuelled global economic crisis. ''The WTO is too important to allow it to be slowed down, paralyzed...
