Trade

https://www.philstar.com/business/2024/07/20/2371442/bop-deficit-narrows-155-million-june

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).

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.

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.

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.

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.

.@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

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.

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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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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#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

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…

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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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.

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.

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…

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…

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.

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.

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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