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RCEP to maximize PH's agro-based exports - Vimarsana News

RCEP to maximize PH's agro-based exports

Published: May 23, 2022

Department of Trade and Industry Secretary Ramon Lopez. (File photo) MANILA - Department of Trade and Industry (DTI) Secretary Ramon Lopez again debunked the notion that the country's participation in the Regional Comprehensive Economic Partnership (RCEP) will weaken the agriculture sector. In a radio interview with Radyo Singko 92.3 News FM Monday, Lopez said the RCEP can help Philippine agro-based exports to maximize their potential as they will become more competitive in other markets through the lowering of tariffs. Contrary to the claims that Philippine agro-based exports are weak, th...

Source: philippinetimes.com
Related Topics:
South KoreaRamon LopezRadyo SingkoPhilippine Statistics AuthorityRegional Comprehensive Economic PartnershipSecretary Ramon LopezStatistics AuthorityDepartment Of Trade And Industry Secretary Ramon Lopez File Photo Manila Dti Again Debunked The Notion That Country 39s Participation In Regional Comprehensive Economic Partnership Rcep Will Weaken Agriculture Sector Ina Radio Interview With Radyo Singko 92 3 News Fm MondayOpez Said The Rcep Can Help Philippine Agro Based Exports To Maximize Their Potential As They Will Become More Competitive In Other Markets Through Lowering Of Tariffs Contrary Claims That Are WeakHe Dti Chief Said There Are Agricultural Products In Which The Country Is One Of Top Exporters World These Include BananaCoconut Based ProductsNd TunaMong Others Philippine Statistics Authority Psa Data Show That In March 2022Otal Exports Of Agro Based Products Rose 32 6 Percent To Usd571 12 Million From Usd430 82 In March 2021 Its Share The Revenue Year On Also Grew 4 8 Through RcepHe Current 5 Percent Tariff Of Philippine Pineapple Exports To China Will Be Reduced Zero In 20 Years Tariffs Papaya And Durian South Korea Also Down 10 From The 24 Via Rcep Quot Marami Tayong Mga Sektor Na May Laban We Have Many Sectors That Are Competitive Uot Lopez SaidDding That These Sectors Should Be Nurtured By Improving The Productivity Of Agriculture Sector He Added Rcep Will Also Help In Attracting Investments Increase Production Capacity Top Trade Official Said Country 39s Increasing Imports Is Not Due To An Influx Agricultural ProductsUt Because Of The Rising Demand For Raw Materials As Part Growing Economy With ReopeningOpez Said Manufacturing Activities Have IncreasedHich Also Include Those Products For Exports Quot More Than HalfRound 60 Percent Of Imports Are Input To ProductionUot He Said With The Resumption Of Congress This WeekHe Dti Hopes For The Senate 39s Concurrence With Rcep Before End Of Duterte Administration Pna