A decision to grow an economy through exports is also a decision to develop globally competitive human resources and industrial capabilities. Significant exposure to the global trading system helps develop competencies in product development, process improvement, and management of international enterprises. Export oriented foreign investments likewise accelerate the entry of new technology and spurs innovation in the economy.
Philippines-Japan Economic Partnership Agreement
3 July 2014
The Philippines-Japan Economic Partnership Agreement (PJEPA) is the first and only bilateral free trade agreement of the Philippines. PJEPA was signed in Helsinki, Finland by then President Gloria Macapagal-Arroyo and former Prime Minister Junichiro...
Philippines and EFTA sign Joint Declaration on Cooperation; FTA talks set to begin
1 July 2014
Westman Islands, Iceland 30 June 2014 Following a series of high-level meetings between the Philippines and the European Free Trade Association (EFTA), the formal signing of the Joint Declaration on Cooperation (JDC) was held last week in Reykjavik,...