Farmers, non-government organizations, and some members of the private sector said they oppose the ratification of the Regional Comprehensive Economic Partnership free trade agreement. Here’s the joint statement of 125 organizations and 25 personalities expressing their opposition to RCEP:
Clearly, the promised gains from trade liberalization—following our membership in the World Trade Organization in 1995 and subsequent regional and bilateral free trade agreements —have not materialized. Our trade performance has actually deteriorated. Our agricultural trade deficit has ballooned to nearly $9 billion annually. Exports have not significantly expanded beyond traditional items like banana, pineapple and coconut-based products.
New trade or market access opportunities—if any—under RCEP cover a tiny percentage of our agricultural tariff lines and trade value. They also offer minimal tariff cuts, most of which will be phased over as long as 20 years. Moreover, there is no guarantee of their benefit to us, because other RCEP member-countries will enjoy the same privileges. They will be the gainers, and we will be the losers, if they are more competitive than us.
yes, si nunal na im sorry nanaman yan, parang WTO nuon na manlilinlang
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