Phl seeks flexibility on TPP membership
Louella Desiderio (The Philippine Star) - November 11, 2013 - 12:00am

MANILA, Philippines - The Philippines may seek for flexibility from members of the Trans-Pacific Partnership (TPP) to be allowed to join the trade pact without having to amend the Constitution.

“Our problem is we have a limitation in the Constitution that may not meet standards or ambitions of TPP members. We may have to ask for flexibility at some point, if and when they invite us (to be part of the deal) to be able to comply,” Trade secretary Gregory Domingo said in an interview with reporters.

Domingo said the constitution’s limits to foreign ownership in certain sectors may not fit with the TPP. “We cannot promise that we will make changes to the Constitution.”

President Aquino has been firm in his stand that there is no need to amend the constitution to achieve economic growth.

Domingo said it is in the interest of the country to become a member of the TPP as the trade pact is an avenue to get access to markets, primarily the US.

“It (TPP) is something we have to engage in. We have no choice because the US is our second largest trading partner and many of our neighbors will become members of  TPP. If they have duty-free access, for example, in the US and we don’t, it will really handicap the Philippines and affect us in a significant way,” he said.

The TPP, currently being negotiated by 12 countries, aims to establish a free trade bloc which would represent more than half of global output and over 40 percent of world trade.

The trade pact, which the 12 member-countries hope to seal by the end of the year, will remove trade barriers as well as set standards for intellectual property, labor rights and environmental protection.

Aside from the US, other member-countries of the TPP are Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Trade Undersecretary Adrian Cristobal Jr. said earlier the Philippines would want to be part of the second batch of member-countries of the TPP, if and when it opens.

Domingo said the TPP’s opening for new membership will depend on how fast the existing members can come up with an agreement.

Even as the TPP has yet to open for new members, he said the Philippines is already holding consultations with some of the member-countries.

 

 

BRUNEI DARUSSALAM DOMINGO GREGORY DOMINGO NEW ZEALAND PRESIDENT AQUINO SINGAPORE AND VIETNAM TPP TRADE TRADE UNDERSECRETARY ADRIAN CRISTOBAL JR. TRANS-PACIFIC PARTNERSHIP
  • Latest
  • Trending
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

SIGN IN
or sign in with
Read and share the latest news
whenever and wherever you are.
Top Stories
Features the most relevant stories,
exclusive content, analyses and special reports.
As It Happens
Get bite-sized highlights and up-to-date
information as the news breaks.
Latest
View the most recent
stories of the day.
Log-in
Lorem ipsum dolor sit amet,
consectetur adipiscing elit.
Quisque justo est, auctor vel ullamcorper.
Log-in
Lorem ipsum dolor sit amet,
consectetur adipiscing elit.
Quisque justo est, auctor vel ullamcorper.
How to follow As It Happens stories
STEP 1
Click the story in the As it Happens section.
How to follow As It Happens stories
STEP 2
Click "Follow Story" for updates on the news.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.
How to follow Author
STEP 1
Click on the author's name in the article.
How to follow Author
STEP 2
Once you click on the author's name, you will be
brought to the Authors page. Click "Follow Author"
to stay updated on the author's works
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.
How to follow Tags
STEP 1
Click on a tag in the article.
How to follow Tags
STEP 2
When you click on a tag, it will take you to the
dedicated tag page where you'll see the article
viewed, along with other stories with that tag.

Click the "follow tag" button to stay updated on
the topic.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.