Trade

1 Apr 2023 – Highlights of the 2022 Annual International Merchandise Trade Statistics of the Philippines

Published by rudy Date posted on April 3, 2023
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Trade deficit widens to near 3-year high

Published by rudy Date posted on December 11, 2021

by Louise Maureen Simeon – The Philippine Star, 11 Dec 2021 MANILA, Philippines — The country’s trade deficit has ballooned to its highest level in almost three years, with imports outpacing exports as the economy regains momentum to recover from the pandemic, according to the Philippine Statistics Authority (PSA).

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Philippines, 66 other countries in WTO agree to cut red tape in services trade

Published by rudy Date posted on December 3, 2021

by Reuters, 3 Dec 2021 GENEVA — Sixty-seven World Trade Organization members agreed on Thursday to pare back regulations such as licensing requirements placed on service providers operating in foreign countries, a move that could save $150 billion in annual trade costs.

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PHL ranks last in Asia-Pacific economic integration

Published by rudy Date posted on November 9, 2021

by Jenina P. Ibañez, 9 Nov 2021, BusinessWorld THE PHILIPPINES has fallen behind in economic integration in the Asia-Pacific region as it registered the poorest performance in an index measuring 17 economies’ performance in 2019.

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Government urged to join CPTPP to ensure recovery

Published by rudy Date posted on September 27, 2021

by Louise Maureen Simeon – The Philippine Star, 27 Sep 2021 MANILA, Philippines — By liberalizing certain economic sectors, the Philippines stands to boost its chance of joining a major trans-Pacific trade deal that can significantly aid the country in its much-needed recovery from the pandemic.

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PH external trade up 26.1% in H1

Published by rudy Date posted on August 7, 2021

by Ben O. de Vera, 7 Aug 2021 The Philippines’ trade in goods with the rest of the world climbed 26.1 percent year-on-year to $89.25 billion in the first half of 2021, with six-month exports exceeding prepandemic shipments amid global economic recovery.

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@PSAgovph data showed PH’s total external trade dropped 18.2% to $149.37 billion in 2020 from $182.52 billion in 2019. Merchandise exports down 10.1% to $63.77 billion, while imports slid 23.3% to $85.61 billion. | @bendeveraINQ

Published by rudy Date posted on January 27, 2021

.@PSAgovph data showed PH’s total external trade dropped 18.2% to $149.37 billion in 2020 from $182.52 billion in 2019. Merchandise exports down 10.1% to $63.77 billion, while imports slid 23.3% to $85.61 billion. | @bendeveraINQ — Inquirer Business (@InquirerBiz) January 27, 2021

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PH exports recovered in Nov. 2020 but total trade still down

Published by rudy Date posted on January 9, 2021

by Ben O. de Vera, Philippine Daily Inquirer, 9 Jan 2021 Exports returned to year-on-year growth in November last year even as the prolonged imports slump pulled the Philippines’ total foreign trade down by 10.6 percent to $13.31 billion that month.

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Philippines signs RCEP, world’s biggest trade deal

Published by rudy Date posted on November 16, 2020

by By Jenina P. Ibañez, Reporter, BusinessWorld, 16 Nov 2020 FIFTEEN Asia-Pacific economies, including the Philippines, signed the world’s largest free trade deal on Sunday, with observers saying the deal could boost Philippine market access while others believe it would worsen the trade balance.

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RCEP: Asia-Pacific nations sign world’s biggest trade pact

Published by rudy Date posted on November 15, 2020

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Rising product digitalisation and losing trade competitiveness

Published by rudy Date posted on November 11, 2020

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How COVID-19 has affected trade, in 8 charts

Published by rudy Date posted on November 6, 2020

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Philippines moves up in sustainable trade index

Published by rudy Date posted on October 28, 2020

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Exports, imports still sliding

Published by rudy Date posted on October 10, 2020

by Ben O. de Vera, Philippine Daily Inquirer, 10 Oct 2020 The value of goods exported and imported by the Philippines in August fell by more than a fifth due to still weak global demand caused by the COVID-19 pandemic.

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WTO report draws attention to impact of COVID-19 trade disruptions on women

Published by rudy Date posted on August 5, 2020

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US-led trade network could strengthen Vietnam’s place in global supply chains

Published by rudy Date posted on May 24, 2020

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PH total merchandise trade in March 2020 dropped to US$11.44 billion – its lowest in two years.

Published by rudy Date posted on May 9, 2020

#PHGDP declined by 0.2% in Q1 2020, compared to the 5.7% growth recorded in the same period last year.#NEDAsays policies need to be adaptive and responsive to evolving realities as the country recovers after facing socioeconomic shocks during the first quarter of 2020. pic.twitter.com/l0QROO8qRO — NEDA (@NEDAhq) May 9, 2020

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RCEF is a year-old bust

Published by NTUCPHL Date posted on March 11, 2020

By Marlen V. Ronquillo, Manila Times, 11 Mar 2020 FOR the nth time, let me refresh the nation’s collective memory a bit. A collective memory that is often dulled, oblivious of the past and unaware of the great — and painful lessons — of history. The part of history that is related to a great…

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Curing trade deficits requires holistic economic rebalancing

Published by rudy Date posted on January 23, 2020

By Rene E. Ofreneo, Businessmirror, 23 Jan 2020 In December last year, BOI Executive Director Ma. Corazon Dichosa called the attention of the nation on an “alarming” development – Philippine trade deficit has been growing. In 2014-2018, the deficit averaged 76.54 percent and reached $47 billion in 2018 alone. In simple language, the country is…

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Trade justice: historic opportunity as European Union calls for review of Korea’s neglect

Published by rudy Date posted on January 22, 2020

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The proliferation of FTDs: free trade disagreements

Published by rudy Date posted on December 10, 2019

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Trade gap widens in March as exports drop for 5th month

Published by rudy Date posted on May 8, 2019

by Ian Nicolas Cigaral, Philstar.com, May 8, 2019 MANILA, Philippines — The Philippines posted a wider trade gap in March as exports continued to contract while imports grew, the country’s statistics agency reported Wednesday.

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Global trade skirmish puts factories, recovery at risk

Published by rudy Date posted on June 1, 2018

by Jonathan Cable, Elias Glenn LONDON/BEIJING (Reuters) – Factory growth in major manufacturing hubs showed signs of cooling last month as companies braced for potential damage from rising global trade tensions while also grappling with accelerating inflation and a strong dollar.

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Australia, US, India and Japan in talks to establish alternative to China’s Belt and Road initiative

Published by rudy Date posted on February 19, 2018

https://www.channelnewsasia.com/news/asiapacific/australia-us-india-and-japan-in-talks-to-establish-alternative-9970330 SYDNEY: Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China’s multibillion-dollar Belt and Road Initiative, in an attempt to counter Beijing’s spreading influence, the Australian Financial Review reported on Monday (Feb 19), citing a senior US official. The unnamed official was quoted…

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TWN Info: US blocks outcomes, collapsing WTO ministerial conference like house of cards

Published by rudy Date posted on December 15, 2017

Contents: US blocks outcomes, collapsing MC11 like house of cards Published in SUNS #8597 dated 15 December 2017 Buenos Aires, 14 Dec (D. Ravi Kanth) – The World Trade Organization’s eleventh ministerial conference (MC11) collapsed here on Wednesday like a house of cards, after the United States single handedly blocked outcomes on mandated decisions and…

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Contentious items in RCEP remain unresolved

Published by rudy Date posted on September 4, 2017

By Richmond Mercurio (The Philippine Star), Sep 4, 2017 – MANILA, Philippines – Issues continue to prevent the China-led Regional Comprehensive Economic Partnership (RCEP) from moving forward, with major “contentious” subjects remaining unresolved, a trade official said.

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Japan, ASEAN agree to promote free trade pact

Published by rudy Date posted on April 8, 2017

OSAKA (Jiji Press) — Japan and the Association of Southeast Asian Nations member states agreed to work together to promote free trade at a meeting of their economic ministers in the western Japan city of Osaka on Saturday.

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Envoy pushes for EU-PH free trade agreement

Published by rudy Date posted on March 3, 2017

Kristine Angeli Sabillo, Inquirer.net, Mar 3, 2017 European Union (EU) Ambassador Franz Jessen on Thursday called for speedy negotiations for a Free Trade Agreement (FTA) between the EU and the Philippines to create the “best possible enabling environment” for business.

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Imagining a world without NAFTA

Published by rudy Date posted on March 1, 2017

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Imagining a world without NAFTA

Published by rudy Date posted on March 1, 2017

by Gregory Daco, the Daily Dose, Mar 1, 2017 Read the article here.

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July 15 – World Youth Skills Day

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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!

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