Trade policy in the Philippines: treading a cautious path.: An article from: ASEAN Economic Bulletin

This digital document is an article from ASEAN Economic Bulletin, published by Institute of Southeast Asian Studies (ISEAS) on April 1, 2005. The length of the article is 7301 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: The Philippines has been an active supporter of the WTO and the interests of the developing countries while it is fully committed to the realization of an ASEAN economic integration. Since the mid-1980s it has undertaken major trade reforms to liberalize its trading sector and open up its economy except for sensitive areas such as agriculture and selected manufactures. The Philippines is also a keen supporter of AFTA and has fulfilled its tariff reduction commitments in time, with few exceptions. Although bilateral FTAs outside of AFTA have initially been a cause of concern, there is now a growing realization by the Philippine Government that these extra-ASEAN trade deals are practical strategies to pursue given the increasing competition in the international market. The policy-making process has been slow and cautious due to the populist nature of the Philippine Government and the adoption of an inter-agency approach to decision-making. The prospect for greater trade liberalization highly depends on whether the Philippines can overcome the current challenges facing its economy.

Citation Details
Title: Trade policy in the Philippines: treading a cautious path.
Author: Jose L. Tongzon
Publication:ASEAN Economic Bulletin (Refereed)
Date: April 1, 2005
Publisher: Institute of Southeast Asian Studies (ISEAS)
Volume: 22 Issue: 1 Page: 35(14)

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