The Regional Comprehensive Economic Partnership (RCEP) can help advance the country’s agricultural sector and will enable the Philippine economy adapt to the fast-changing global trade, according to Senate President Pro Tempore Loren Legarda. Know more:
The Regional Comprehensive Economic Partnership can help advance the country’s agricultural sector and will enable the Philippine economy adapt to the fast-changing global trade, according to Senate President Pro Tempore Loren Legarda.
The senator made the assurance that the recommendations submitted by the oppositors are part of the resolutory clauses of the resolution and that there will be government support programs in favor of farmers and fishers as well as representation of indigenous peoples, women, and other marginalized sectors. “I’m taking that big leap of faith, so to speak, so that we can go along with the other Asean nations, our neighbor Indonesia, as well as, Myanmar and Laos.,” Legarda said.
Of these 33 tariff lines, 17 are raw materials, 8 are intermediate products, and only 8 are final goods. The remaining agricultural tariff lines will have equal, or higher rates than other Asean+1 FTAs, or are excluded from import tariff concessions under the RCEP. “We cannot say that there is no more hope. For me, hope springs eternal. That is why we solicited the inputs of our farmers and fisherfolk. If the Department of Agriculture does not do their job in terms of eliminating smuggling and in terms of giving help to farmers who cannot access the Rice Competitiveness Enhancement Fund, life will not be better for our farmers and fisherfolk,” she said.
Hicap said other impacts of RCEP in the fishing sector include possible “intensified conversion projects in fishing grounds and coastal areas by Chinese investors and developers; and expansion of private aquaculture in municipal fishing grounds funded by Chinese firms for export in their country.”
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