Event Details
More than a decade after the signing of the free trade agreement (FTA) between the Philippine and the Japanese governments, our country still has not maximized the potential of this FTA. Despite its potential, the country has failed to realize and utilize the needed tools to improve to make exporting Philippine products to Japan easier.
The country's total export to Japan only grew by 1.9% , to $8.89 billion in the period of January-October 2019 from $8.72 billion in the same period of 2018.
The Philippine government is set to review the agreement this year. Based on the study from the Philippine Institute for Development Studies (PIDS), the weak realization of the potential of the Japan-Philippines Economic Partnership Agreement (JPEPA) is attributed to many factors like the lack of information, procedural delays, and administrative and compliance costs, among others.
With these challenges, the government is urged to undertake negotiations and involve the business organizations in wider information sessions to increase the number of traders that fully utilize the benefits of the FTA.
This event is hosted by the Agribusiness Committee and co-hosted by the Manufacturing and Trade & Investment Committees, aims to:
- Give a background and review the benefits of JPEPA
- Steer discussions on the possible roles of the private sector
- Contribute to the expanded market access of the Philippine export products