{"id":71184,"date":"2016-02-22T23:35:06","date_gmt":"2016-02-23T04:35:06","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=71184"},"modified":"2025-03-05T20:50:53","modified_gmt":"2025-03-06T01:50:53","slug":"phl-improves-trade-with-asean-through-free-trade-deal","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2016\/02\/22\/phl-improves-trade-with-asean-through-free-trade-deal\/","title":{"rendered":"PHL improves trade with ASEAN through free trade deal"},"content":{"rendered":"<figure id=\"attachment_71185\" aria-describedby=\"caption-attachment-71185\" style=\"width: 200px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2016\/02\/ASEAN-Emblem.png\" rel=\"attachment wp-att-71185\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-71185\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2016\/02\/ASEAN-Emblem.png\" alt=\"ASEAN logo\" width=\"200\" height=\"200\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2016\/02\/ASEAN-Emblem.png 200w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2016\/02\/ASEAN-Emblem-150x150.png 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><figcaption id=\"caption-attachment-71185\" class=\"wp-caption-text\">ASEAN logo<\/figcaption><\/figure>\n<p>MANILA \u2013 The vision of the Association of Southeast Asian Nations (ASEAN) for free flow of trade and investments within the region through free trade agreement (FTA) has increased the Philippines\u2019 intra-ASEAN trade.<\/p>\n<p>Board of Investments (BOI) Division Chief Fe del Rosario said the country\u2019s trade value with ASEAN members gained by 19 percent from 2010 to 2014.<\/p>\n<p>From USD109.7 billion in 2010, the country\u2019s intra-ASEAN trade continuously grew to USD111.8 billion in 2011, USD117.4 billion in 2012, USD119.1 billion in 2013, and USD129.6 billion in 2014.<\/p>\n<p>Through the ASEAN Trade in Goods Agreement (ATIGA), the economic bloc eliminated tariff on 99 percent of goods traded among ASEAN members except for maize, cassava, sweet potato, poultry, swine, and sugar with 5 percent tariff rate while rice still has import duty of 35 percent.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy prednisolone online <a href=\"http:\/\/dentalhacks.com\/wp-content\/uploads\/2025\/01\/png\/prednisolone.html\">http:\/\/dentalhacks.com\/wp-content\/uploads\/2025\/01\/png\/prednisolone.html<\/a> no prescription pharmacy <\/div>\n<p><\/p>\n<p>Del Rosario said that ATIGA has made Philippine exports to other ASEAN markets more competitive with the zero tariff rate. This also encouraged more Filipino enterprises to export their products in ASEAN.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy kamagra gold online <a href=\"http:\/\/dentalhacks.com\/wp-content\/uploads\/2025\/01\/png\/kamagra-gold.html\">http:\/\/dentalhacks.com\/wp-content\/uploads\/2025\/01\/png\/kamagra-gold.html<\/a> no prescription pharmacy <\/div>\n<p><\/p>\n<p>She added that the FTA also lowers production cost in the country due to tariff liberalization that is also attractive for multinational firms to invest in the Philippines.<\/p>\n<p>\u201cMost of inquiries now in BOI are concerned with the impact of ASEAN integration to their business,\u201d said del Rosario.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy zofran online <a href=\"http:\/\/dentalhacks.com\/wp-content\/uploads\/2025\/01\/png\/zofran.html\">http:\/\/dentalhacks.com\/wp-content\/uploads\/2025\/01\/png\/zofran.html<\/a> no prescription pharmacy <\/div>\n<p><\/p>\n<p>\u201cFTAs has been benefitting our industries and our country as a whole,\u201d she added.<\/p>\n<p>She stressed that the FTAs, when utilized properly, become engine of economic growth and create more jobs for the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 The vision of the Association of Southeast Asian Nations (ASEAN) for free flow of trade and investments within &hellip;<\/p>\n","protected":false},"author":33,"featured_media":71185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,1145,16,95],"tags":[9640],"class_list":["post-71184","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-headline","category-news","category-news-ph","tag-pna","mauthors-kris-crismundo","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/71184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=71184"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/71184\/revisions"}],"predecessor-version":[{"id":287290,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/71184\/revisions\/287290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/71185"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=71184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=71184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=71184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}