Canada and APEC Trade Ministers Work on Asia-Pacific Free Trade Pact

  • Page Views 2292
  • Trade ministers from the 21 members of the Asia-Pacific Economic Cooperation (APEC) forum, including Canada, will start laying the groundwork for the Free Trade Area of the Asia- Pacific (FTAAP).
    The move will speed up the economic integration process in the region. Philippine Department of Trade and Industry Secretary Gregory Domingo said the Ministers Responsible for Trade meeting slated on May 23 to 24 in the Philippines will focus on the regional economic integration, among  other main areas.

    Canada-and-APEC

    Domingo, who is also APEC 2015 MRT Chair, said APEC trade ministers will come out with the terms of reference for the study on FTAAP this year.

    “So that’s what is being finalized… Expectation is the study will be started in 2016,” he said during the preMRT press briefing.

    Domingo said they will also discuss efforts in line with the achievement of the Bogor Goals aimed at enhancing the regional economic integration agenda, support for the multilateral trading system and fostering participation  of the micro, small and m e d i u m enterprises (MSMEs) in regional and global markets.

    For her part, Doris Magsaysay Ho, APECBusiness Advisory Council (ABAC) 2015 Chair, said that APEC also wants to ensure that the FTAAP is relevant to the MSMEs. so we want to be sure that

    “There are a lot of the FTAAP actually considers emerging newgeneration them,” she said in another business models arising press briefing.

    Share

    Related Post

    Related Blogpost

    Leave a Reply

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    New Posts Recently publish post More

    • 22 February 2024
      5 days ago No comment

      Canada to open Indo-Pacific Agriculture and Agri-Food Office in Manila

      Canada is opening its new Indo-Pacific Agriculture and Agri-Food Office (IPAAO) in the Philippines. The IPAAO is expected to be inaugurated in Manila in February 2024 in a development coinciding with this year’s celebration of the 75th anniversary of the establishment of diplomatic ties between the two countries. The ...

    • 15 February 2024
      2 weeks ago No comment

      Canada, Philippines ranked in global corruption index

      February 16, 2024 — Transparency International has released its latest Corruption Perception Index, which scores 180 countries and territories by their perceived levels of public-sector corruption. The Berlin-based anti-corruption group’s 2023 CPI scores 180 countries and territories, using a scale from 0 to 100, with 100 being very clean ...

    • 08 February 2024
      3 weeks ago No comment

      Marcos-Duterte alliance splinters

      The rift between Philippine President Ferdinand “Bongbong” Marcos Jr. and his predecessor, Rodrigo Duterte, has taken a turn for the worse. Philippine political analysts say in media reports that this may be end of the political alliance that swept Marcos Jr. to the presidency and Duterte’s daughter Sara as ...

    • 25 January 2024
      1 month ago No comment

      Tara na!: Filipinos go for Pierre Poilievre

      VANCOUVER – Members of the Filipino community showed their all-out support to the Conservative Party of Canada as their leader, Pierre Poilievre, held a meet and greet last January 22 at the Holiday Inn Vancouver-Centre. Several Conservative MPs accompanied Poilievre as he talked about the latest issues and problems ...

    • 23 January 2024
      1 month ago No comment

      Rewind’ breaks domestic box office records

      MANILA — The 49th Metro Manila Film Fest entry “Rewind” is now the highest-grossing Filipino film in terms of domestic box office sales, amassing P815-million as of January 17. This surpasses the local box office records set by “Hello, Love, Goodbye” in 2019 and “The Hows of Us” in ...

    %d bloggers like this: