Free Trade Agreement Philippines Eu

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Free Trade Agreement Philippines Eu

Chapter 6 on Trade in Services closely follows the approach of the WTO`s General Agreement on Trade in Services (GATS). It covers trade in all service sectors under the four types of supply. Separate annexes to financial services (Annex XIII), telecommunications services (Annex XIV), the free movement of individuals (Annex XV), maritime transport services (Annex XVI) and energy-related services (Annex XVII) complete the chapter with additional disciplines specific to these sectors. The lists of contracting parties with specific obligations and derogations from the treatment of the most favoured nation (MPF) are listed in Schedules XI and XII respectively. These lists are subject to regular revision to further liberalize the exchange of services between the two parties. ASEAN Merchandise Trade Agreement The 2010 ASEAN Goods Trade Agreement (ATIGA) consolidated all commitments of the ASEAN Effective Customs Free Trade Area (CEPT/AFTA) for merchandise trade. It aims to create an internal market and a production base with the free movement of goods in the ASEAN region, an important part of the ASEAN Economic Community (AEC). ATIGA includes tariff liberalization, initiatives to facilitate trade, simplification of rules of origin and the creation of an ASEAN trade register. Visit investasean.asean.org/ for up-to-date information on ASEAN trade. After the European Union (EU) did not interrupt further talks on the proposed bilateral free trade agreement with the Philippines, it said on Friday that it had prioritised the EU`s Generalis System of Preference Plus as a platform for cooperation and trade relations with the Duterte government. While the Philippines` trade with the EU has not developed well despite preferential trade under the GSP Plus system, the Philippines has done nothing good in investment either.

A Sustainable Impact Assessment (AIS) has been carried out to support negotiations on a free trade agreement between the European Union and the Philippines. The ASA will assess the potential impact of trade and trade provisions on economic, social, human rights and environmental elements in any trading partner and in other countries in a future free trade agreement. Since December 2014, the Philippines has benefited from enhanced trade preferences with the EU under the EU`s Generalized Preferences Plus System (GSP). The Special Incentive for Sustainable Development and Good Governance Scheme provides for the total elimination of tariffs for two-thirds of all product categories, with the aim of supporting sustainable development and good governance. The agreement contains provisions for remedial measures (Articles 2.12 to 2.15), namely subsidies and countervailing measures, anti-dumping measures, global safeguards and temporary safeguards.

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