Friday, November 27, 2020

PH To Be Protected Under The Proposed RCEP

PH To Be Protected Under The Proposed RCEP

Spotlight

Manila International Auto Show Shifts Its Gears Virtually With Mias Wired This December

Catch your favorite brands and cars at this year’s Manila International Auto Show as they go virtual for the first time!

Need A Fast Connection? No Worries, Grab And Globe At Home Have Got You Covered!

Starting November 24, 2020, customers can conveniently purchase Globe At Home Prepaid WiFi and Xtreme Home Prepaid WiFi devices on GrabMart.

Save The Children PH Lauds Approval Of 2nd Reading Of Bill Raising Statutory Rape Age

Once House Bill 7836 gets the final nod, adults will get penalized if he or she has sexual intercourse with a minor below 16 years of age, even if the child gave consent.

Globe Named As One Of Top 30 ‘Global Rising Star’ Telcos In The World

Globe was recently named as one of the Global Rising Stars at the Opensignal Global Mobile Network Experience Awards 2020!

Safeguards included in the proposed Regional Comprehensive Economic Partnership (RCEP) between the ASEAN and six major economies are seen to protect the Philippines, among others, from greater economic competition.

“I would suppose that gains by the Philippines from the (safeguard) mechanism of RCEP will be used for the sectors to improve and become competitive,” Presidential Communications Operations Office (PCOO) Secretary Martin Andanar said in a press briefing on Friday ahead of the 35th ASEAN Summit and Related Summits scheduled to be held here from November 2 to 4.

The RCEP is a proposed free trade agreement between the Association of Southeast Asian Nations (ASEAN) – which consists of Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam – and its six Free Trade Agreement (FTAs) partners — China, Japan, India, South Korea, Australia, and New Zealand.

It was introduced during the ASEAN Leaders Summit in Bali, Indonesia in November 2011 to address two proposed trade agreements — the East Asia Free Trade Agreement and the Comprehensive Economic Partnership in East Asia (CEPEA).

The proposed East Asia Free Trade Agreement involves the ASEAN, China, Japan, and South Korea, while the CEPEA includes the 13 economies proposed to be covered by the East Asia Free Trade Agreement plus India, Australia, and New Zealand.

Formal RCEP negotiations started at the Asean Summit in Cambodia in November 2012.

Andanar said the proposed free trade deal will open up opportunities for Asean’s 600-million population to tap a bigger market, estimated at 3.5 billion.

The signing of the trade deal is expected to materialize during the 35th ASEAN Summit and Related Summits.

“I’m very optimistic that after all of the time and the money invested by the different nations, especially ASEAN, there is no reason anymore why this will not be finalized this time,” Andanar said.

“For us, ASEAN, it is very important that we can also send for export our products to other countries that we cannot do now because of high tariff rates. By having RCEP, we essentially equalize further the playing field in our ASEAN region and the additional countries,” he added.

The RCEP is already on its final stage of discussions, Trade Secretary Ramon Lopez earlier said, expressing hope that the deal would be signed during the ASEAN Summit this week. (PNA)

Latest News

Manila International Auto Show Shifts Its Gears Virtually With Mias Wired This December

Catch your favorite brands and cars at this year’s Manila International Auto Show as they go virtual for the first time!

‘No SafePass, No Entry’ Begins At Ilocos Norte Capitol

Starting November 25, employees and visitors with official transactions at the offices of Ilocos Norte Provincial Capitol will be required to present a SafePass Quick Response (QR) code upon entry and exit.

Need A Fast Connection? No Worries, Grab And Globe At Home Have Got You Covered!

Starting November 24, 2020, customers can conveniently purchase Globe At Home Prepaid WiFi and Xtreme Home Prepaid WiFi devices on GrabMart.

Save The Children PH Lauds Approval Of 2nd Reading Of Bill Raising Statutory Rape Age

Once House Bill 7836 gets the final nod, adults will get penalized if he or she has sexual intercourse with a minor below 16 years of age, even if the child gave consent.

Globe Named As One Of Top 30 ‘Global Rising Star’ Telcos In The World

Globe was recently named as one of the Global Rising Stars at the Opensignal Global Mobile Network Experience Awards 2020!

381 Nat’l ID Registration Kits Delivered In NegOcc

Some 381 Philippine Identification System (PhilSys) registration kits arrived in Negros Occidental this week for distribution to 32 local government units (LGUs) across the province.

Leyte Town To Impose Community Lockdown During Fiesta

The town of Palompon in Leyte will be closed to non-residents from Dec. 2 to 3 to prevent mass gatherings as it celebrates the annual fiesta.

Pagudpud Housewives Cook Native Delicacies To Raise Income

Don’t forget to try Pagudpud’s native delicacies on your next trip to Ilocos!

Guimaras Gradually Opens Doors To Travelers

Tourists may now visit the province of Guimaras! But take note of these requirements:

Twitter Launches Its New Story-Like Feature Called ‘Fleets’

Have you tried Twitter’s newest feature?