Despite the financial instability that almost crippled economies in the past years, the Japan-Philippine Economic Partnership Agreement (JPEPA) increased trade volume between the two countries with Manila’s export to Tokyo going up from $6.21 billion in 2009 to $7.8 billion in 2010.
In a joint statement, both sides noted that the JPEPA, which entered into force in December 2008, “has made significant strides in its implementation despite the global economic crisis and financial instability in the past years.”
Figures indicated that trade volume between Manila and Tokyo increased in 2010 as compared with that of 2009.
Japan was the biggest importer of Philippine goods as Manila’s export to Tokyo increased to $7.8 billion last year.
The Philippines’ import from Japan went up to $6.75 billion in 2010 from only $5.34 in 2009.
This moved Japan to being the biggest exporter to Manila.
The world’s third-fastest growing economy was also the biggest investor to the Philippines in terms of investments approved by the Investment Promotion Agency (IPA) with P58.3 billion in 2010.
“The accumulated Japanese direct investment to the Philippines in the last five years, from 2006 to 2010, is P203.8 billion,” the statement said.
JPEPA is a free trade agreement and bilateral investment treaty that aims to increase economic activities between the two countries.
It was signed during the administration of then President and now Rep. Gloria Arroyo of Pampanga.
In Manila, the Japanese Embassy also on Friday said in a statement that President Benigno Aquino 3rd will be meeting with Japan’s emperor and prime minister during his official working visit there September 25 to 28 to further strengthen ties between the two countries.
President Aquino was scheduled to call on Japanese Emperor Akihito, who will then host a court luncheon in honor of the President’s visit.
He will also meet with Japanese Prime Minister Yoshihiko Noda, as well as visit Ishinomaki City in Miyagi Prefecture, which was affected by the Great East Japan Earthquake in March this year. –Bernice Camille V. Bauzon, Reporter, Manila Times
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
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
#Report Corruption #SearchPosts #TakePicturesVideos
November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
