International Trade Agreement Entered Into By The Philippines To Any Country

The Investment Chapter (Chapter 7) establishes a requirement for contracting parties to authorize the investments of other contracting parties in accordance with their laws and regulations. It also expresses the intention of the parties to offer investors from other parties stable, non-discriminatory and transparent investment conditions and stresses the importance of investment promotion. In addition, the parties recognize that it is inappropriate to encourage investment by relaxing health, safety and environmental standards. Finally, the chapter provides for a review of investment issues within five years of the agreement`s entry into force, taking into account the treatment of non-party parties in other free trade agreements. The agreement also provides for tariff concessions for both agricultural commodities and processed agricultural products in the bilateral annexes VIII to X of the agreement. Specific provisions to facilitate trade in fish and other seafood are contained in a separate annex of the trade chapter (Annex V). The agreement contains provisions to remove export duties, but the Philippines has maintained the possibility of these tariffs for the protocols, as indicated in Schedule IV. 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. Use the drop-down menu to search for an agreement by grouping of countries, type of contract or status.

Or use the filter option to search for keywords. Negotiations for a trade and investment agreement between the EU and the Philippines began on 22 December 2015. The aim is to conclude an agreement covering a wide range of issues, including tariffs, non-tariff barriers, trade in services and investment, as well as the trade aspects of public procurement, intellectual property, competition and sustainable development. More information on EU-Philippine trade and investment negotiations, including EU texts and reports The EU works closely with ASEAN as a whole. Cooperation will be maintained through the EU-ASEAN dialogue, which includes discussions on trade and investment issues between ministers and senior economic officials. EFTA states, Iceland, Liechtenstein, Norway and Switzerland signed a free trade agreement with the Philippines on 28 April 2016 in Bern, Switzerland. The free trade agreement between EFTA and the Philippines came into force on 1 June 2018 for the Philippines, Norway, Liechtenstein and Switzerland and on 1 January 2020 for Iceland. Due to outstanding internal issues, Philippine customs authorities have been unable to enforce customs obligations arising from the agreement when the EFTA-Philippines Free Trade Agreement enters into force. On 10 December 2018, the Philippines confirmed that its internal procedures had been completed and that the EFTA-Philippines Free Trade Agreement had been fully implemented since 24 October 2018. 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.