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Economic conditions

Philippine Business Group Supports Japan-Philippines Economic Partnership Agreement

Strategic Insights

— 1 min read

The Philippine Chamber of Commerce and Industry (PCCI) has expressed full support for the implementation of the Japan-Philippines Economic Partnership Agreement (JPEPA). According to PCCI president Donald Dee, the Philippines has a solid legal framework to address concerns over the entry of toxic substances and hazardous wastes, including municipal wastes, sewage sludge, and pharmaceutical wastes. Dee emphasized the importance of proper implementation and enforcement of existing laws, highlighting the need for private sector participation in consultations to ensure the agreement benefits the country and enhances market access for Philippine exports to Japan.

Key Takeaways:

  • The Philippine Chamber of Commerce and Industry (PCCI) has expressed full support for the implementation of the Japan-Philippines Economic Partnership Agreement (JPEPA).
  • PCCI president Donald Dee stated that the Philippines has well-crafted environmental laws to address concerns over the entry of toxic substances and hazardous wastes.
  • The agreement involves a zero-tariff regime for the entry of toxic substances and hazardous wastes, including municipal wastes, sewage sludge, and pharmaceutical wastes.
  • Dee emphasized the importance of proper implementation and enforcement of existing laws to ensure the agreement benefits the country.
  • He stressed the need for private sector participation in consultations to ensure check and balance in the agreement's implementation mechanism.
  • Dee highlighted his role as the President's special envoy for trade negotiations, representing the private sector in trade negotiations to ensure check and balance in agreements, especially their implementation mechanism.

Statistics:

  • 0: The zero-tariff regime for the entry of toxic substances and hazardous wastes under the Japan-Philippines Economic Partnership Agreement (JPEPA).
  • 8: The number of hazardous waste categories mentioned in the agreement, including municipal wastes, sewage sludge, and pharmaceutical wastes.

Sources:

  • Asia Pulse, October 30
  • PNA, October 30
  • Philippine Chamber of Commerce and Industry (PCCI)
  • Japan-Philippines Economic Partnership Agreement (JPEPA)

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