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    RCEP and the Future of Asian Free Trade Agreements: A Philippine Perspective

    Katigbak, Jovito Jose P. | January 2017
    Abstract
    In December 2016, Philippine Trade Secretary Ramon M. Lopez expressed the country’s decision to put its full weight behind the Asian trade pact Regional Comprehensive Economic Partnership (RCEP) after President Rodrigo R. Duterte criticized the Trans Pacific Partnership (TPP) agreement by highlighting the restrictive nature of its provision on intellectual property rights covering pharmaceuticals. The decision to back RCEP can also be viewed as a vital component of the Duterte administration’s foreign policy objective which mainly focuses on realizing economic integration in Asia. More importantly, the Philippine government’s willingness to enter into large trade deals like the RCEP with advanced Asian economies outlines two key insights on how it perceives the trajectory of free trade agreements (FTAs) in the region. Firstly, FTAs will expand to cover non-trade aspects of economic cooperation. Secondly, China will play a very critical role in determining the direction of Asian FTAs but fair treatment must be afforded to all member economies.
    Citation
    Katigbak, Jovito Jose P.. 2017. RCEP and the Future of Asian Free Trade Agreements: A Philippine Perspective. © Center for International Relations and Strategic Studies. http://hdl.handle.net/11540/6936.
    Keywords
    Economic planning
    Economic structure
    Growth policy
    Trade relations
    Trade policy
    Economic development
    Trade Facilitation
    Trade
    Economic integration
    Regional Economic Integration
    Free Trade
    Trade Agreements
    Trade Policy
    Economic Development
    Economics
    International Economics
    Intraregional Trade
    Regional economics
    Economic forecasting
    Economic development projects
    Success in business
    Business
    Free trade
    Business
    Economics
    Communication in economic development
    Restraint of trade
    International economic integration
    Trade blocs
    East-West
    Foreign trade and employment
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    Citable URI
    http://hdl.handle.net/11540/6936
    Metadata
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    Vol-IV-No-2.pdf (628.8Kb)
    Author
    Katigbak, Jovito Jose P.
    Theme
    Trade
    Economics
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise