Agriculture stakeholders have expressed anew their objection to the Regional Comprehensive Economic Partnership (RCEP), saying there is no guarantee the trade pact would benefit the Philippines since other RCEP member-countries are more competitive.
AGRICULTURE stakeholders have expressed anew their objection to the Regional Comprehensive Economic Partnership , saying there is no guarantee the trade pact would benefit the Philippines since other RCEP member-countries are more competitive.
The agriculture stakeholders expressed their concern that “things could worsen, unless we act resolutely and fix the ills plaguing agriculture. More so, if our competitors in the region—in contrast to our complacency—continue to innovate and displace us in markets here and abroad.” In a televised interview on Tuesday, Department of Trade and Industry Undersecretary for Consumer Protection Group Ruth B. Castelo said, “we have to understand that there are only 33 agricultural tariff lines that will be affected. Out of the numerous agricultural products that we trade with other countries, there are only 15 agri products that will be affected and these are not the basic agricultural products that we have.
Moreover, these stakeholders said “there is no guarantee of their benefit to us, because other RCEP member-countries will enjoy the same privileges. They will be gainers, and we will be the losers, if they are more competitive than us.
“This shows that the executive is taking our concerns lightly. Nor does it have a credible plan on mitigating threats and maximizing opportunities in RCEP,” the stakeholders said on Wednesday.IN contrast, Trade Assistant Secretary Allan B. Gepty said in a recent chance interview with reporters that if one examines RCEP, “you actually have plenty of flexibilities or policies-based when it comes to adopting and implementing measures.
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