Philippines: Senate yet to ratify RCEP due to concerns for agri sector — Zubiri

GMA news online
2023.01.31

The Senate is yet to ratify the Regional Comprehensive Economic Partnership (RCEP) due to some concerns on its effect on the agriculture sector, Senate President Juan Miguel Zubiri said Tuesday.

In an interview with reporters, Zubiri said RCEP is among the topics that he discussed with President Ferdinand "Bongbong" Marcos Jr. and Speaker Martin Romualdez in a meeting over the weekend.

"Ang sabi ko naman kay Presidente, 'yung sa RCEP, I want to put in on the floor pero may concerns pa kasi si (Senator) Imee Marcos," he said.

(I told the President that I want to put it on the floor but Senator Imee Marcos has some concerns on RCEP.)

Last week, the Presidential Communications Office (PCO) released a statement indicating that President Marcos is pushing for the ratification of the free trade agreement.

Senator Marcos, the President's older sister, chairs the Senate foreign relations committee which is in charge of deliberating all agreements and treaties that need to be ratified.

According to Zubiri, Senator Marcos wants to conduct another hearing due to her concerns for the agriculture sector.

"We are pushing her to bring it out as soon as we can," said the Senate president.

The RCEP is a free trade agreement first floated in August 2012, covering members of the Association of Southeast Asian Nations (ASEAN) and its partners Australia, China, Japan, South Korea, and New Zealand.

Read more here.

Comment

You may also like

2022.07.25
1,337
ABSTRACT This study was conducted to analyze the consumers’ perception of edible oil consumption in Myanmar. A total of 3,945 households from 15 regions/states of Myanmar were surveyed by agricultural officers of the Department of Agriculture in November 2021. Among the respondents, 75%...
2022.08.10
350
ABSTRACT Agricultural production towards an oriented market is generally exposed to a variety of risks that may lead to income fluctuations. Correct identification of the risk variety will be a very important base for making good management decisions to minimize their negative effects. Results...
2016.09.06
4,963
Importance of TPP on economic development It is a current strategy to reduce trade barriers and deepen the supply chain between countries by signing FTA/ ECA because the WTO Doha Agreement is still under-developed. There have been 381 valid FTAs/ ECAs achieved until September 23, 2013, while over...