The Philippine Senate has recently ratified the Regional Comprehensive Economic Partnership (RCEP) which made the country finally enter the world's biggest free trade agreement. The ratification enables the Philippines to be on equal footing with our regional partners in attracting foreign investments.
In addition, the EU-Philippines Free Trade Agreement is also seen to enable greater investments from the EU market and is sought after by 83% of companies involved in German-Philippine business according to GPCCI's survey in 2020.
To be able to examine the prospects of various trade policies, the Policy and Advocacy Committee will be conducting a committee meeting entitled "Analyzing Philippine Trade Policies and Strategies" that will focus on how these free trade agreements can potentially benefit the Philippine business landscape.