FREE TRADE AREA COMMON EFFECTIVE PREFERENTIAL TARIFF

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                    [ArticleID] => 212758
                    [Title] => RP not ready to compensate S’pore
                    [Summary] => The Philippines is still not prepared to agree to Singapore’s demand for compensation for possible losses as a result of the Philippines invoking an ASEAN protocol to exclude its petrochemical industry from lowered tariffs under the ASEAN Free Trade Area Common Effective Preferential Tariff (AFTA-CEPT) scheme.


According to government sources, the Philippines has to move very carefully on the Singapore compensation demand as the Philippines-Singapore case will set a precedent for all future compensation claims under the AFTA-CEPT exclusion protocol.


                    [DatePublished] => 2003-07-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097285
                    [AuthorName] =>  Marianne  V.  Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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RP not ready to compensate S’pore

By Marianne V. Go | July 7, 2003 - 12:00am

The Philippines is still not prepared to agree to Singapore’s demand for compensation for possible losses as a result of the Philippines invoking an ASEAN protocol to exclude its petrochemical industry from...

Business