PH To Be Protected Under The Proposed RCEP

PH To Be Protected Under The Proposed RCEP


Globe Recreates The Way You Learn With Special Promos

Globe introduces special Go promos for students and the GoTOK series to make quality learning and self-improvement accessible for everyone online and in real life!

Roma Point Bridge Construction In Full Swing With Republic Cement Support

Expected to be the longest bridge in Calabarzon, the Roma Point Bridge, also known as the Alabat Bridge, will be 1.7 kilometers long upon completion and will connect Alabat Island to mainland Quezon province.

Specialty Pulp Manufacturing Inc. Chooses 100% Clean Energy From EDC

Agriculture-based manufacturing company SPMI is now being powered by clean, renewable, reliable energy from EDC!

1st ARISE Virtual Annual General Membership Meeting Focused On Business Resilience

ARISE Philippines discusses the need to focus on key priority areas in its advocacies on disaster risk reduction in its first virtual Annual General Membership Meeting.

Safeguards included in the proposed Regional Comprehensive Economic Partnership (RCEP) between the ASEAN and six major economies are seen to protect the Philippines, among others, from greater economic competition.

“I would suppose that gains by the Philippines from the (safeguard) mechanism of RCEP will be used for the sectors to improve and become competitive,” Presidential Communications Operations Office (PCOO) Secretary Martin Andanar said in a press briefing on Friday ahead of the 35th ASEAN Summit and Related Summits scheduled to be held here from November 2 to 4.

The RCEP is a proposed free trade agreement between the Association of Southeast Asian Nations (ASEAN) – which consists of Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam – and its six Free Trade Agreement (FTAs) partners — China, Japan, India, South Korea, Australia, and New Zealand.

It was introduced during the ASEAN Leaders Summit in Bali, Indonesia in November 2011 to address two proposed trade agreements — the East Asia Free Trade Agreement and the Comprehensive Economic Partnership in East Asia (CEPEA).

The proposed East Asia Free Trade Agreement involves the ASEAN, China, Japan, and South Korea, while the CEPEA includes the 13 economies proposed to be covered by the East Asia Free Trade Agreement plus India, Australia, and New Zealand.

Formal RCEP negotiations started at the Asean Summit in Cambodia in November 2012.

Andanar said the proposed free trade deal will open up opportunities for Asean’s 600-million population to tap a bigger market, estimated at 3.5 billion.

The signing of the trade deal is expected to materialize during the 35th ASEAN Summit and Related Summits.

“I’m very optimistic that after all of the time and the money invested by the different nations, especially ASEAN, there is no reason anymore why this will not be finalized this time,” Andanar said.

“For us, ASEAN, it is very important that we can also send for export our products to other countries that we cannot do now because of high tariff rates. By having RCEP, we essentially equalize further the playing field in our ASEAN region and the additional countries,” he added.

The RCEP is already on its final stage of discussions, Trade Secretary Ramon Lopez earlier said, expressing hope that the deal would be signed during the ASEAN Summit this week. (PNA)

Bacolod City Shares Best COVID-19 Practices With Other LGUs

Bacolod City shares its best practices in responding to the COVID-19 crisis with some LGUs in Negros Occidental and other provinces in Western Visayas.

VP Leni Visits the OVP Community Learning Hub in Barangay Pinagbuhatan, Pasig City

Pasig City Mayor Vico Sotto accompanies Vice President Leni Robredo as they meet the volunteer tutors for the hub, as well as one of the parents and her children who have signed up for this assistance.

Dental Clinic Gives Glimpse Of New Normal

Here's what you should expect in dental clinics in the new normal:

Pasig River Ferry Service Resumes Operation

The Pasig River Ferry Service resumes operations again!

Mobile Legends: Professional League-PH Season 6 To Introduce A New Format

Witness the historic Mobile Legends: Bang Bang Professional League - Philippines Season 6 starting October 22!

Bello: 4K OFWs Stranded Due To PhilHealth Issue With PRC

Here's how the Philhealth issue affects Filipinos during the pandemic:

Duterte Assures Gov’t Will ‘Look For Money’ To Settle Red Cross Debt

“We’ll look for the money. Hindi naman marami but ang priority natin dito is really medical treatment, medical attention. Babayaran to in a short while, do not worry.”

Ariana Grande Teases Fans With A New Album

Fans look forward to the album to drop on these dates:

Weathering The Storm: How Investing In Condotels Can Help You Bounce Back After Pandemic

Is the pandemic really the best time to maximize the advantages of investing? For CitiGlobal Realty and Development Inc., there is no better time than now.

Visayas LGUs Urged To Adopt Cebu City’s Ops Center Concept

Secretary Michael Lloyd Dino is pushing for the institutionalization of the Emergency Operations Center in various localities in the Visayas to equip them with strategies in the fight against COVID-19.