PH secures economic priorities in ASEAN
Monday, March 13,2017AsemconnectVietnam - The Philippines successfully advocated its trade priorities in ASEAN as the country’s hosting of the ASEAN Economic Ministers’ Meeting (AEM) Retreat and Related Meetings ended on March 10.
The Department of Trade and Industry led by Secretary Ramon Lopez secured endorsements from ASEAN Economic Ministers on the timely realization of Philippine priority deliverables for 2017.
“Aside from championing our trade agenda as a country, we are also able to advance the economic agenda of our fellow ASEAN Member States (AMS); thus bringing our domestic interest to the Regional platform,” said Sec. Lopez, who chaired the AEM Retreat and Related Meetings, adding that AMS’ endorsements will strengthen the implementation of the ASEAN Economic Community (AEC) Blueprint 2025.
“The Philippines is taking the lead in seeking new policy interventions that are expected to contribute towards helping MSMEs harness the opportunities presented by open and increasingly integrated markets,” Sec. Lopez said.
A self-certification scheme for Micro, Small and Medium Enterprises (MSMEs) will allow the sector to partake in the benefits of the free trade agreements, while action agenda on investment, inclusive business and women and youth entrepreneurship will strengthen the investment linkages between MSMEs and Multinational Enterprises (MNEs), a thrust that Sec. Lopez has been pushing in the domestic front to foster inclusive development towards shared prosperity.
Aligned with the inclusive growth agenda is the endorsement of the ASEAN Declaration on Innovaton, which advocates for an enabling ecosystem that supports entrepreneurial activities in technology and innovation.
“Inclusive business will allow companies to engage the poor and low-income communities as partners, customers, suppliers, and employees in their supply chains because it makes good business sense,” DTI Undersecretary Ceferino Rodolfo said.
The AEM Retreat also touched on the launching of the Davao-General Santos-Bitung route of the ASEAN Roll-on Roll-off (RORO) Network, a system that will both enhance intra-regional connectivity and bolster socio-economic growth in the regions.
On the services sector, the endorsement of the ASEAN Trade in Services Agreement (ATISA) means fostering a more transparent trade in services, boosting further contribution and competitiveness of the services sectors in ASEAN.
The meeting also explored on convening regular dialogue with the private sector to highlight its business priorities and recommendations, as well as identify ways to complement existing public efforts toward taking full advantage of opportunities under the AEC.
“Public-private sector engagement not only reduces the gap of understanding of the private sector and the general public on ASEAN, it also promotes intra-ASEAN and global trade and investment and reduces current and future impediments faced by business enterprises,” Sec. Lopez said.
Source: eaglenews.ph
Binh Duong province seeks cooperation opportunities with Australian partners
Forum looks to promote Vietnam – Canada economic ties via CPTPP
Vietnam, Netherlands strengthen agricultural cooperation
US newswire sees positive signs in Vietnamese stock market
Hanoi, Vientiane expand business cooperation
Vietnam, US strengthen trade relations
Mini Thailand Week to take place in Quang Ninh this month
RoK’s Gyeongbuk, Chungbuk firms engage in business talks in Hanoi
Scholar analyses why US should recognise Vietnam as market economy
Vietnam, New Zealand eye further trade growth
Vietnam, Japan promote financial cooperation
Vietnam, New Zealand reinforce all-round ties, eye new level of relations
Vietnam’s financial market favoured by RoK investors
Da Nang calls for TheCityUK’s support in int’l financial centre building
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
Students promote Vietnamese culture in Russia
The Vietnamese Students’ Association in the Peoples' Friendship University of Russia (RUDN) held an event called "Bamboo Legend” on ...Exhibition on General Vo Nguyen Giap opens in Nghe An
Da Lat festival: Classical music taken out of auditorium ...