Amid the renewed push for the Philippine Senate to ratify the RCEP, more than 100 groups and individuals from various sectors appealed for its rejection instead. Read this story by CEBacligINQ to know more. INQFocus
“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,” they said.
Former Trade Secretary Ramon Lopez previously said RCEP would play a role in boosting equitable economic growth, including for MSMEs, through the expansion of regional trade, services, and investment linkages.Assistant Trade Secretary Allan Gepty, RCEP lead negotiator, had also detailed the benefits of RCEP for the Philippines, which could be summarized into 4Cs:Competitiveness for Philippine industriesComplementation of existing government support programs.
The groups also stressed that if other RCEP member countries—which will enjoy the same privileges—are more competitive than the Philippines, those countries will be the gainers, while the others will be the losers. According to Ibon Foundation, poverty incidence among farmers was 31.6 percent and 26.2 percent for fisherfolk—both much higher than the national average of 16.7 percent.
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