The business groups’ list of key measures includes last two packages of the Comprehensive Tax Reform Program that is being pushed by the Duterte administration.
Foreign chambers and business groups said they are also looking forward to the ratification of the reconciled version of the Philippine Transportation Safety Board Creation and the Rural Agricultural and Fisheries Development Financing System Act.The business groups said they “strongly encourage” the Senate to ratify the Regional Comprehensive Economic Partnership trade agreement.
RCEP, which entered into force on Jan. 1, is a trade agreement that involves countries such as Australia, China, Japan, South Korea, New Zealand and the 10 members of the Association of Southeast Asian Nations . It is touted as the world’s biggest trade deal as the trade deal represents 30% of the global gross domestic product.