RP seen to benefit from free trade agreement between Australia, NZ

Published by rudy Date posted on May 29, 2010

MANILA, Philippines – Employment and investments in the country are expected to surge after the signing of the Australia New Zealand Free trade Area (AANZFTA), the Department of Trade and Industry (DTI) said yesterday.

In a speech before Australia and New Zealand-based businessmen at the Peninsula Manila yesterday afternoon, Trade Secretary Jesli A. Lapus said a medium- sized specialist car parts manufacturer has already said they will increase their employment by 25 percent this year in order to take advantage of the AANZFTA exporting opportunities.

Likewise, the same firm said they would have to double their plant capacity in a couple of years in order to keep up.

Meanwhile, a small enterprise said that the AANZFTA tariff reduction in its coconut oil derivatives was increasing its sales to both Australia and New Zealand. Also, an Australian business process outsourcing (BPO) firm in the country said they will be expanding their presence here.

“AANZFTA is indeed a very good deal, and yet it can only be as good as we, the partner-builders of the agreement, implement it,” Lapus said. “The AANZFTA experience can help us in the effort to put better order into this sea of trade agreements, and thus draw the greatest possible benefit for them.”

Lapus said the Philippines has been able to effect on-time EIF and actual implementation through EO 851 which prescribes the Philippine tariff rate schedule for imports from the FTA partners (the nine other ASEAN Member States, and Australia and New Zealand). Similarly, Australia and New Zealand have extended their tariff concessions to the Philippines with effect from Jan. 1, 2010, and this has been influential in the improved export performance of Philippine manufacturers. –Ma. Elisa P. Osorio (The Philippine Star)

July 2025

Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

July


3 July – International Day of Cooperatives
3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
7 July – Global Forgiveness Day
11 July – World Population Day 
17 July – World Day for
International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons 


Monthly Observances:

Schools Safety Month

Nutrition Month
National Disaster Consciousness Month

Weekly Observances:

Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week

 

Daily Observances:

First Saturday of July:
International Cooperative Day
in the Philippines

Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.