Offshore mining stakeholders on Sunday welcomed President Ferdinand R. Marcos Jr.’s decision to affirm the country’s commitments under the Regional Comprehensive Economic Partnership (RCEP) of ASEAN Plus nations.
OFFSHORE mining stakeholders on Sunday welcomed President Ferdinand R. Marcos Jr.’s decision to affirm the country’s commitments under the Regional Comprehensive Economic Partnership of ASEAN Plus nations.
“The clean and green mining industry and the various companies under our new blue economy sector may benefit from preferential tariff reductions for our imported industrial goods and equipment from abroad,” OMCPI Chairman Dr. Michael Raymond Aragon said in a statement.Aragon pointed out that start-up industries, like the new and clean offshore mining sector, need all the support it can get from the government in order to flourish.
OMCPI and its green mining companies that are pioneers in offshore mining of untapped resources—crucially needed in the electronic and renewable energy sector—will boost the green or clean energy transitions from the old and dirty carbon-based energy sources, eventually helping combat or mitigate climate changeMeanwhile, a Department of Trade and Industry official has asserted that intensifying information and education campaigns among local stakeholders is crucial in increasing the utilization...
While he did not divulge a “utilization rate” for the mega trade deal which the Philippine Senate recently concurred in, Gepty said DTI aims to onboard stakeholders and exporters who deem the RCEP agreement fit and “advantageous” to their product.
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