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Manufacturing recovery underway, to get boost from tax reform, free trade deal: DTI

ABS-CBN News
Posted at Dec 09 09:08 PM

The Department of Trade and Industry said the manufacturing sector is recovering after suffering a steeper decline than the rest of the economy because of the COVID-19 pandemic.    Read more »

China’s trade pivot from US could be a boon for South Korea, Japan and Taiwan

Karen Yeung, South China Morning Post
Posted at Dec 02 01:19 PM

South Korea, Japan and Taiwan are seen as likely economic winners as China turns away from reliance on US imports. Asian hi-tech exporters are expected to soak up demand from the world‘s second largest economy as it looks to skirt sanctions. Read more »

European Union, ASEAN to form strategic partnership: Germany

Reuters
Posted at Dec 02 01:33 AM

BERLIN - The European Union and the ASEAN group of southeast Asian countries have agreed to upgrade their relationship to a strategic partnership, current EU president Germany said on Tuesday. Read more »

Trade chief bats for PH as healthcare industry hub amid pandemic

Bruce Rodriguez, ABS-CBN News
Posted at Nov 30 05:53 PM

Trade Secretary Ramon Lopez said the Philippines can be a hub for the healthcare manufacturing and services industries at a gathering of senior global business and government leaders.  Read more »

Why the RCEP trade deal could strengthen China’s hand in Asia as world awaits US action

Kinling Lo, South China Morning Post
Updated as of Nov 17 01:12 PM

The United States has not signed the free-trade pact that includes three of Asia’s biggest economies and ASEAN member states. Trade analysts say it is likely to give Beijing more influence over global trade and strengthen ties with neighbors. Read more »

China-Australia relations: ‘Don’t expect RCEP to solve trade dispute’

Su-Lin Tan and Orange Wang, South China Morning Post
Posted at Nov 16 12:33 PM

The main function of the Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s biggest free-trade agreement, is to drive new business. But if the years of talks already involved in reaching the deal have not reduced conflicts, signing the deal is unlikely to make a difference, observer says. Read more »

Taiwan talks up trans-Pacific trade pact after exclusion from new deal

Reuters
Posted at Nov 16 12:23 PM

Trade-dependent Taiwan has made "relatively" good progress towards joining the revamped version of the Trans-Pacific Partnership, but it is awaiting clearer rules on membership, the island's chief trade negotiator said on Monday. Read more »

PH industries to benefit from RCEP free trade deal: DTI

ABS-CBN News
Posted at Nov 16 11:37 AM

The Department of Trade and Industry (DTI) said Monday Philippine sectors can take advantage of the improved and broadened market access brought about by the recently signed Regional Comprehensive Economic Partnership (RCEP) -- the biggest trade deal in the world. Read more »

Japan businesses expect RCEP deal to boost Asia trade, investment

Kyodo News
Posted at Nov 15 08:13 PM

Japanese business leaders welcomed the signing of the world's largest trade deal by Tokyo and 14 other Asia-Pacific partners on Sunday, expecting a boost in trade and investment in the region and strengthening of supply chains. Read more »

Asia nations sign RCEP trade deal covering third of global economy

Kyodo News
Updated as of Nov 15 04:59 PM

(UPDATE) - Asia-Pacific countries including Japan, China and the 10 members of ASEAN signed a regional trade deal on Sunday covering nearly a third of the global economy, wrapping up eight years of negotiations following the withdrawal of India. Read more »

Huge China-backed trade pact to be signed at Southeast Asian summit

Alice Philipson and Martin Abbugao, Agence France-Presse
Posted at Nov 12 05:20 PM

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.   Read more »

Asia-Pacific ministers in final talks for RCEP trade deal

Kyodo News
Posted at Nov 11 12:26 PM

If agreed, the RCEP will be an economic bloc representing around a third of the world's gross domestic product and population, even without India. Read more »

Asian leaders plan to strike RCEP trade deal Sunday without India

Kyodo News
Updated as of Nov 09 08:45 PM

Leaders of 15 Asia-Pacific countries plan to strike a regional free trade agreement on Sunday without India, creating an economic bloc representing around a third of the world's gross domestic product and population, sources familiar with the matter said Monday. Read more »

RCEP ministers urge India to return to Asia-Pacific free trade talks

Kyodo News
Posted at Oct 14 09:07 PM

Ministers from 15 Asia-Pacific countries negotiating a sprawling free trade agreement urged India on Wednesday to return to the talks as they are aiming to sign a deal by the end of the year, a Japanese official said.   Read more »

RCEP ministers to meet Wed., aiming for free trade deal by year-end

Kyodo News
Posted at Oct 13 12:48 PM

The ministerial meeting on Wednesday, the second since August, will take place as uncertainty grows over whether the 16-member Regional Comprehensive Economic Partnership framework will progress to the signing stage without India's involvement. Read more »

DTI’s Lopez: RCEP trade pact set to be inked in November

Bruce Rodriguez, ABS-CBN News
Posted at Aug 29 12:37 AM

After 8 years, negotiators are finally set to sign the Regional Comprehensive Economic Partnership free trade agreement in November despite the pandemic. Read more »

RCEP states make "significant" progress in trade talks without India

Kyodo News
Posted at Aug 27 04:37 PM

Ministers from 15 Asia-Pacific countries negotiating a sprawling free trade agreement said Thursday they have made "significant progress" toward the signing of the deal in November, while whether India will stay on as a member of the framework remains uncertain. Read more »

RCEP trade pact on track for 2020 signing - ministers

Reuters
Posted at Jun 23 03:38 PM

SINGAPORE - The world's biggest trade pact RCEP will be signed later this year, participating countries said in a statement on Tuesday, adding that the coronavirus pandemic had increased the deal's importance. Read more »

What Southeast Asia can gain from China-backed trade agreement

ABS-CBN News
Posted at Nov 11 11:21 AM

A free trade deal in Southeast Asia that is led by China and excludes the US will help streamline smaller, similar agreements in the region, says Sebastian Cortes-Sanchez, an analyst at the Asian Trade Center. In an interview with ANC, Cortes-Sanchez dismisses criticism that the RCEP is good only on paper.   Read more »

Will Philippines benefit from Asia mega free-trade deal?

ABS-CBN News
Posted at Nov 06 11:55 PM

The Philippine government asserts the country stands to benefit from the Regional Comprehensive Economic Partnership (RCEP), given its strategic location in the region. Read more »