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PH OKs revised Asean free trade pacts with ANZ, Hong Kong
MANILA — The Philippines, a founding member of Association of Southeast Asian Nations (Asean), has agreed to amend two important free trade agreements to benefit investors, traders, and exporters. The Department of Trade and Industry (DTI) announced on Thursday that it signed the Second Protocol to Amend the Agreement Establishing the Asean-Australia-New Zealand Free Trade.....»»
VP Sara ready to face ICC charges only before a Filipino court
Vice President Sara Duterte expressed her readiness to confront any allegations against her but insisted that she would only do so in front of a Filipino judge and within the jurisdiction of a Filipino court. In a statement on her Facebook page, she emphasized her refusal to participate in any process that could tarnish the reputation and integrity of the Philippine judiciary system. Duterte adamantly opposed the involvement of foreign entities in the country's legal affairs, citing it as a dishonor to the sacrifices made by Filipino heroes for the nation's freedom. Duterte, who previously served as vice mayor and mayor of Davao City, vehemently denied any involvement in the Davao Death Squad during her terms in office. She expressed dismay over the sudden appearance of a witness against her in the International Criminal Court (ICC) after assuming the vice presidency. Duterte dismissed the accusations and questioned the motives behind the allegations, asserting her capability to accomplish tasks without resorting to unlawful means. In a related development, President Ferdinand Marcos Jr. voiced his refusal to acknowledge the ICC's jurisdiction in the Philippines, considering it a threat to the country's sovereignty. He issued a directive for all government agencies to refrain from cooperating with the ICC, emphasizing the nation's non-recognition of the court's authority. Former senator Antonio Trillanes IV claimed that ICC investigators had gathered substantial evidence against former President Rodrigo Duterte regarding his administration's war on drugs. He anticipated an imminent issuance of an arrest warrant against the former president. Former President Rodrigo Duterte condemned the ICC's decision to initiate a preliminary investigation into the war on drugs, labeling it an insult to the Philippines and challenging the court's jurisdiction within the country. During his presidency, he initiated the withdrawal of the Philippines' membership from the Rome Statute, the treaty that established the ICC. The ICC appeals chamber recently granted a request to resume the investigation into alleged crimes against humanity related to the Philippines' controversial drug campaign, spanning from November 2011 to March 2019. The developments surrounding the ICC's probe into the Philippines' internal affairs have sparked a contentious debate, with key political figures and rights groups expressing divergent views on the matter. The ongoing tensions between the Philippines and the ICC underscore the complex intersection of international law, national sovereignty, and human rights issues......»»
Philippines, EU resume free trade agreement talks
MANILA, March 19 (Xinhua) -- The Philippines and the European Union (EU) resumed negotiations for a free trade agreement (FTA) on Monday, the Philippines' Department of Trade and Industry (DTI) announced Tuesday. "Strengthening economic engagement with the EU remains a priority for the Philippines," said Philippine Trade and Industry Secretary Alfredo Pascual, adding that the Philippines aims for an ambitious, b.....»»
NZ-EU FTA gains Royal Assent for 1 May entry to force
The European Union Free Trade Agreement Legislation Amendment Bill received Royal Assent today, completing the process for New Zealand's ratification of its free trade agreement with the European Union. "I am pleased to announce that today, in a small ceremony at the Beehive, New Zealand notified the European Union of our ratification of the New Zealand European Union Free Trade Agreement (NZ-EUFTA)......»»
‘High-level’ US trade mission to arrive in PH next week
MANILA, Philippines — The Department of Trade and Industry announced that a “high-level” US trade delegation is arriving next week to enhance “commercially meaningful partnerships.” According to DTI Foreign Trade Service Officer Jollan Llaneza, the delegation, led by US Commerce Secretary Gina Raimondo, will meet with President Ferdinand Marcos Jr. and Trade Secretary Alfredo Pascual......»»
Trade Minister heads to Abu Dhabi for key WTO negotiations
Trade Minister Todd McClay travels to Abu Dhabi in the United Arab Emirates for the 13th Ministerial Conference of the World Trade Organisation (WTO) today, to take up his role as Vice Chair of the negotiations.The Ministerial Conference is the highest decision-making body within the WTO and meets every two years. Trade ministers will negotiate the reform of agriculture trade rules, E-commerce, fisheries subsidi.....»»
French Farmers Protest Unfair Competition in EU Free-Trade Agreements
French Farmers Protest Against Unfair Trade Agreements Imposed by EU French farming unions have taken to the streets to protest against free-trade agreements imposed by.....»»
Marcos: PH, South Korea to sign free trade pact this year
President Marcos believes that the Philippines and South Korea will approve their free trade agreement (FTA) this year. He also aims for a separate deal to grant duty-free access for certain Philippine products to the South Korean market. The FTA, signed in September 2023 during the Association of Southeast Asian Nations summit in Indonesia, is.....»»
Sara reveals she will run in next polls
Summary: Sara Duterte, the Vice President and Education Secretary, announced her intention to run in the next election during a visit to flood victims in Barangay Bago Gallera. In a Facebook Live video, she mentioned that her brothers, Davao City Mayor Sebastian “Baste” Duterte and First District Rep. Paolo “Pulong” Duterte, may not run in the next election, prompting her decision to campaign. However, she did not specify the position she would be running for. The upcoming election will be the 2025 midterm senatorial elections for senators, congressmen, and local officials, with the presidential national elections scheduled for 2028. Duterte also emphasized the importance of barangay development councils in times of calamity and stressed the need for disaster resilience and awareness among barangay officials and children. Additionally, she highlighted the significance of safety and security, urging trust in security personnel and caution against scammers and swindlers. Duterte also emphasized the importance of education for the younger generation and the equal opportunities it provides. This announcement comes amidst her visits to various areas in the Philippines, where she has been extending aid and addressing pertinent issues such as disaster resilience and community safety......»»
Philippines total external trade shrinks by 15.4 pct in March
MANILA, May 8 (Xinhua) -- The Philippines' total external trade in goods recorded a year-on-year decrease of 15.4 percent in March to 15.44 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Wednesday. Of the total external trade in March, 60.3 percent were imported goods, while the rest were exported goods, the agency said. The PSA data showed the trade deficit in March amounted to 3.....»»
Philippines total external trade up 9.7 pct in February
MANILA, April 11 (Xinhua) -- The Philippines' total external trade in goods increased by 9.7 percent in February to 15.46 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Thursday. Of the total external trade in February, 61.8 percent were imported goods, while the rest were exported goods, the agency said. The PSA said the deficit of trade in goods amounted to 3.65 billion dollars,.....»»
Philippines external trade drops 2.1 pct in January
MANILA, March 12 (Xinhua) -- The Philippines' total external trade in goods declined 2.1 percent year-on-year in January to 16.09 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Tuesday. Of the total external trade in January, 63.1 percent were imported goods, while the rest were exported goods, the agency said. The PSA said trade deficit in January amounted to 4.22 billion dollars.....»»
NZ - UAE trade agreement consultation begins
Following a meeting with UAE Trade Minister Dr. Thani bin Ahmed Al Zeyoudi at the WTO Ministerial Conference in Abu Dhabi, Trade Minister Todd McClay has launched public consultation for a trade agreement between New Zealand and the United Arab Emirates (UAE). "The UAE is a top-20 export market for New Zealand, and our largest market in the Middle East, with exports increasing 17% i.....»»
NZ welcomes Australia and Brazil to agreements
New Zealand has welcomed Australia to the Inclusive Trade Action Group (ITAG) and Australia and Brazil to the Global Trade and Gender Arrangement (GTAGA) Minister for Trade Todd McClay says. As the current chair of ITAG and GTAGA, Minister McClay hosted the signing ceremony and issued the Abu Dhabi Joint Statement on Sustainable and Inclusive Trade with fellow ITAG Ministers from Australi.....»»
Philippine calls for stronger action on climate change
Trade Secretary Alfredo Pascual has called for stronger sustainable trade and development initiatives to address climate change during the second ministerial meeting of the Coalition of Trade Ministers on Climate on the sidelines of the 13th World Trade Organization ministerial conference in Abu Dhabi, United Arab Emirates......»»
UNCTAD raises alarm over global trade disruptions
The United Nations Conference on Trade and Development is sounding the alarm about the increasing disruptions in global trade, attributed to escalating geopolitical tensions and the impact of climate change on vital trade routes around the world......»»
Authentic System Solutions streamlines processes and workflows
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Finance chief floats free trade deal with Canada
Finance Secretary Ralph Recto has floated the potential of a free trade agreement with Canada as he sought more economic and investment opportunities with one of the world’s biggest economies......»»
Philippines aggressively pushing free trade deal with US
The Philippines continues to aggressively push for a bilateral free trade agreement with the US, according to the Department of Trade and Industry......»»
Sri Lanka signs free trade pack with Thailand
Sri Lanka signs free trade pack with Thailand.....»»