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DTI chief pushes for pragmatic direction in RCEP deal
Tokyo – Trade and Industry Secretary Ramon M. Lopez urged his fellow ministers to be more realistic to conclude the Regional Comprehensive Economic Partnership or RCEP. Sec. Lopez represented the Philippines (PH) during the 5th RCEP Intercessional Meeting in Tokyo on June 30 to July 2, 2018, where he joined Japan Prime Minister Shinzo Abe, ASEAN Secretary-General Dato Lim Jock-Hoi, and trade ministers from the 16 RCEP Participating Countries (RPC), namely the ASEAN 10 and ASEAN free trade partners: Australia, China, India, Japan, South Korea, and New Zealand. The group targets to finish negotiations this year to finalize the agreement by next year. “It is about time that we shift gears and lean towards being more realistic than idealistic. While we attend to our own interests, we should also remember that a mutually-beneficial agreement requires trade-offs,” said Sec. Lopez. “We should also keep in mind that this mega-regional trade pact should be inclusive and progressive and should cater not only to today’s generation but also of the future,” he added. The free trade agreement that began negotiations in 2013 covers trade in goods, trade in services, investment, economic and technical cooperation, intellectual property, competition, dispute settlement and other issues. On trade in goods, some countries’ submissions were still below the targeted 92% for tariff elimination. RPCs committed to submit improved offers by the middle of July. Meanwhile, Sec. Lopez commended the progress on e-commerce for closing several articles in the RCEP Key Elements Paper. He said that e-commerce significantly lowers the barriers to entry and operating costs for businesses, particularly Micro, Small and Medium Enterprises (MSMEs), which comprise 99.6% of... read moreBohol MSMEs Participate in Live Streaming Forum on Empowering Philippine SMEs thru Digital Tools and Mentoring
TAGBILARAN CITY, BOHOL – More than twenty Micro, Small and Medium Enterprises (MSMEs) viewed an online learning event last June 27, 2018 in an initiative to provide wider access to government information. The event, entitled Empowering Philippines SMEs with Digital Tools and Mentorship Opportunities, was a whole day event held at the Philippine Trade and Training Center (PTTC) in Manila with the aim of enhancing the capabilities of MSMEs using digital systems and facilities that can be utilized according to their needs. Among the presenters of the event includes the United States Ambassador to the Philippines Amb. Sung Kim, President of Philippine Chamber of Commerce and Industry (PCCI) Ms. Alegria S. Limjoco, and Secretary Ramon M. Lopez of DTI. In an initiative of one of the organizers, the Department of Trade and Industry (DTI) provided a live streaming platform for the MSMEs in all of its offices to join the said event without travelling physically to the venue. Two venues were designated by Bohol Province which includes the Provincial Office and Negosyo Center BOSS in order to deliver a wider access of viewership. Aside from the speeches from the keynote speakers, MSMEs were able to view and absorb the information discussed by mentors from panel discussions to workshops as well as clinic sessions. Among the topics discussed were the digitalization and improving of Filipino MSMEs’ reach to global market, effective marketing content making and improving enterprises’ access to finance. This enabled the Boholano businessmen to learn the current challenges and opportunities the industry is facing in the digital age at the same time as the participants in the Capital.... read more