Business round on FTAs

There is one good move by the Philippine government now — to conduct several rounds of business education to exporters, importers, brokers, etc. — about the contents and potential benefits of free trade agreements (FTAs) that the Philippines has contracted with other countries, via bilateral or regional (through the ASEAN) agreements.

The “Doing Business in FTAs” education program will be undertaken late this year in major cities around the country. The Department of Trade and Industry (DTI), Bureau of Customs (BOC), and Tariff Commission (TC) will join hands in helping Philippine-based exporters , importers and suppliers maximize the benefits of FTAs.

Philippines’ total merchandise exports reached almost $50 billion in 2008, went down to $38 billion last year due to the global economic slowdown.Philippine exports should recover to their 2008 level or even higher, by next year and grow more in the succeeding years.

Relevant news report is here.

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