WITH the Regional Comprehensive Economic Partnership ’s recent entry into force, the Philippine Chamber of Commerce and Industry is calling on the government to allocate a higher budget for agriculture, noting that lowering of tariffs in the mega trade deal could “disadvantage” this sector.
“In joining the RCEP, we have to work hard to maximize our gains from it,” PCCI President George T. Barcelon said in his speech at the Department of Trade and Industry’s International Trade Forum recently. In addition, he said, telecommunications and internet connectivity must be made available nationwide.
Pascual said RCEP is “not a magic pill that if we sign up for it, all of a sudden our economy will boom.” Meanwhile, Barcelon thinks, “Governments of the RCEP member-countries must be able to work on reducing non-tariff barriers, or at least agree on a uniform quality standard for food and other manufactured products across the region.”
“DTI’s important role in promoting our country as an investment destination and export promotion must be supported with more budget and resources,” Barcelon also noted.
Source: News Formal (newsformal.com)
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