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The Philippine FTA Experience. STATUS OF JAPAN-PHILIPPINES ECONOMIC PARTNERSHIP AGREEMENT (JPEPA). Background. January 2002 – PM Koizumi proposed the “Initiative for Japan-ASEAN Comprehensive Economic Partnership” May 2002 – Pres. Arroyo proposed to set up a Working Group

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The Philippine FTA Experience

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The Philippine FTA Experience


STATUS OF JAPAN-PHILIPPINES ECONOMIC PARTNERSHIP AGREEMENT

(JPEPA)


Background

  • January 2002 – PM Koizumi proposed the “Initiative for Japan-ASEAN Comprehensive Economic Partnership”

  • May 2002 – Pres. Arroyo proposed to set up a Working Group

  • August 2002 – Informal Consultations

  • 2002 to 2003 – Working Group and Joint Committee meetings


  • May 2003 – Creation of Phil. Coordinating Committee, with DFA USec for International Economic Relations and DTI Usec for International Trade as Co-Chairs

  • November 2003 – Presentation of study by the Phil. Institute for Development Studies

  • February 2004 to July 2005 – Formal negotiating sessions

  • July to October 2005– Legal Review


CHAPTER LEAD AGENCY

  • Trade in GoodsBoard of Investments

    Dept of Agriculture

  • Rules of Origin BOI

  • Customs ProceduresBureau of Customs

  • Paperless TradingBOC

  • Trade in ServicesNational Economic &

  • Development Authority

  • Movement of Natural PersonsDept of Labor &

    Employment


  • InvestmentBOI

  • Competition PolicyTariff Commission

  • Mutual RecognitionBureau of Product Std

  • Government ProcurementDept of Budget & Mgt

  • Intellectual PropertyIPOPhil

  • Bilateral Econ. CooperationNEDA

  • Improvement of Bus. Environ.Dept of Trade & Ind

  • General & Final ProvisionsDept of Justice; DFA


Basic Principles

  • Comprehensive & substantial liberalization of bilateral trade & investment

  • Enhancement of mutual interests

  • Consistency with WTO

  • Take into account the economic situations of both countries & ASEAN-Japan Comprehensive Economic Partnership


Parameters

  • Respective laws, rules and regulations

  • Treaties acceded to (no TRIPS +)

  • No specific mention of treaties not yet acceded


EXPECTED BENEFITS

  • Increase RP real GDP by 1.73% to 3.03%

  • Expansion in exports

    • goods: agricultural, industrial

    • professional services

  • Increased investments and technology transfer

    • electronics, automotives; sugar

  • Improved business environment for jobs and income generation


  • Prospects and Challenges for a Philippines-US FTA

    Exploring Our Options


    Background

    • Trade and Investment Framework Agreement (TIFA) (MOU signed in1989)

    • Enterprise for ASEAN Initiative (EAI)

      • launched by US President George Bush on October 26, 2002

      • US and individual ASEAN countries will jointly determine if and when they are ready to launch FTA negotiations

    • US-Singapore FTA

      • Signed May 6, 2003

      • 1st US FTA with an Asian nation and 1st FTA signed by Bush

    • Ongoing US FTA Negotiations

      • Taiwan, Thailand, Indonesia, Japan and South Korea


    The RP-US FTA research project

    General Objectives

    To conduct an independent research on the feasibility and desirability of establishing RP-US FTA

    (2) To provide inputs for negotiation should a FTA initiative push through

    (3) To encourage and facilitate networking activities in support of these objectives


    RP-US FTA Research Project Organizational Structure

    Steering Committee

    Members:

    DTI, Chair

    DFA

    PIDS

    Academe (DLSU-AKI)

    Bus. Rep (PhilExport)

    Sectoral (NCRFW)

    PIDS

    DTI

    RP-US FTA SC

    RP-US FTA REDC

    PASCN Secretariat

    Research

    Information and

    Dissemination

    Networking


    Basic Guidelines

    • Should be driven/guided by our own reform objectives

      • Global competitiveness

      • Sustainable growth

      • Resource allocation efficiency

      • Poverty reduction

    • Keep within the principles of multilateralism

      • Ideal approach to bring about optimum welfare


    Three Levels of Study

    On the whole economy

    Sectoral concerns

    Special issues


    Studies undertaken

    A. Impact analysis on the whole economy

    • Overview of the Philippine-US economic relationship: Situationer Dr. Erlinda Medalla, PIDS

    • The Philippines – US FTA: A CGE AnalysisDr. Caesar Cororaton, PIDS


    Studies undertaken

    B. Impact analysis on specific sectors/concerns

    • Agricultural Trade between the Philippines and the US: Status, Issues and Prospects Dr. Liborio Cabanilla, UPLB

    • Impact of a Philippines – US FTA: The Case of Agriculture Dr. Liborio Cabanilla & U-Primo Rodriguez, UPLB

    • Impact of and Prospects of Bilateral Services Liberalization Agreement Dr. Gloria Pasadilla, PIDS

    • Implications of an RP –US FTA on the Philippine Financial Services Industry Dr Leila Calderon- Kabigting, DLSU

    • Issues and Prospects on the Movement of Natural Persons and Human Capital Development in the Philippine-American Economic RelationsDr. Tereso Tullao, DLSU


    Studies undertaken

    B. Impact analysis on specific sectors/concerns

    • Assessment of Readiness and Logistics Infrastructure of the Philippine Garments IndustryDr. Emilio Antonio & Cherry Lyn Rodolfo, UA&P

    • Expanding and Sustaining RP – US Linkages in Business Process Outsourcing Ceferino Rodolfo, UA&P

    • Enhancing and Deepening of the Competitiveness of the Philippine Electronics Industry Dr. Myrna Austria, DLSU

    • Impact and Potential for Industrial Goods/ ManufacturesFita Aldaba, PIDS


    Studies undertaken

    C. Special Studies

    • An Analysis of Existing and Potential US FTAs and Defining Philippine Strategy for NegotiationAtty. Sedfrey Candelaria & Atty. Anthony Abad, AdMU

    • Specific Legal Issues on the Proposed Philippines – US Free Trade Agreement (FTA): Politico-Legislative PerspectiveAtty. Sedfrey Candelaria & Dr. Victor Venida, AdMU

    • WTO Related Concerns: Government Procurement, Competition Policy and Trade Remedies Atty Jeremy Gatdula

    • Talking Points on Intellectual Property Rights Protection for RP-US FTA Negotiation Atty. Delia Tantuico, UA&P

    • The Politico-Strategic Dimension of the US’ Proposal for an FTADr. Renato de Castro, DLSU & Maria Castanos, FSI


    Main considerations

    • Impact on the economy

    • Political

      • Political-strategic ramifications

      • Gainers and losers

    • Key issues

      • Bilateral (both countries)

      • Internal (domestic)

      • Across sectors

    • Negotiating strategy

      • Very tricky and complicated

      • Question of resources


    Next Steps

    • Need to continue doing our homework

      • More consultations

      • Involve private sector

      • Develop coalition

      • Keep watch on other FTA developments

      • Lessons from JPEPA experience

    • If FTA is pursued, need strong negotiating panel

    • The process is as important.


    Thank You.

    website: http://rp_us.pids.gov.ph email: [email protected]


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