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THE digital economy needs to have a conducive environment for trading given that it provides new opportunities, in addition to greater participation, to companies of all sizes, the World Trade Organization (WTO) and World Bank (WB) Group said. In a joint policy note titled “The Role of Trade in Developing…
Ravaged by the fallout from Covid-19, countries in Asia and the Pacific are hoping to revitalise their pandemic-hit economies as the Regional Comprehensive Economic Partnership (RCEP) takes effect to create the world's largest trade bloc.
DELAYING the participation or opting out from the Regional Comprehensive Economic Partnership (RCEP) may send the wrong signal that the Philippines is not keen on cross-border cooperation, said the Department of Trade and Industry (DTI), which has been lobbying for the trade deal’s ratification. In a statement on Tuesday, Trade…
THE United Nations Conference on Trade and Development (Unctad) called for the creation of a centralized repository for open-source technologies to assist developing countries in achieving sustainable economic recovery from pandemic. In a policy brief, Unctad said open-source technologies are crucial in supporting digital transformation and production of goods that…
THE Philippines may lose $100 million worth of exports within the Regional Comprehensive Economic Partnership (RCEP) region with the implementation of the mega trade deal, said a report by the United Nations Conference on Trade and Development (Unctad), which nonetheless said the gains from joining it far outweighs the losses.…