Various agriculture groups are asking the Senate to reject the Regional Comprehensive Economic Partnership, saying the Philippines is unprepared for such a trade deal. READ:
PHILIPPINE STAR/ EDD GUMBAN
Mr. Montemayor said that Filipino farmers will have a hard time competing due to a lack of cold storage and irrigation facilities.The Philippine Senate failed to ratify RCEP — touted as the world’s largest free trade agreement — last year, with senators citing the lack of safeguards for agriculture. It is seen to help attract more investors, but Mr. Montemayor said it is akin to throwing Filipino farmers off a cliff if they are not given the tools they need to be competitive.
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