THE Department of Trade and Industry is seeking industry inputs on trade deals and digital trade initiatives including the Philippines-European Union Free Trade Agreement , World Trade Organization E-Commerce Joint Statement Initiative , and Asean Digital Economy Framework Agreement , among others.
“The Department of Trade and Industry is strongly urging industry stakeholders to make their sentiments and wishes known regarding important trade deals and digital trade initiatives currently being negotiated by the Philippines, including the Philippines-European Union Free Trade Agreement , Asean Digital Economy Framework Agreement , World Trade Organization E-Commerce Joint Statement Initiative , and digital trade agreements,” Philexport noted.
Gepty expects the EU to negotiate for maximum access to the Philippine market for almost all of its products, particularly meat and other agricultural products, as well as industrial products like electronic and automotive products, “so they will aim for a higher level of trade liberalization.” According to the website of Asean, the Defa “seeks to offer a comprehensive roadmap to empower businesses and stakeholders across Asean, through accelerating trade growth, enhancing interoperability, creating a safe online environment, and increasing participation of MSMEs.”
“Progressive rules in Defa would double this value contribution, unlocking $2 trillion to Asean digital economy,” said Asean.