Presentation is loading. Please wait.

Presentation is loading. Please wait.

Japan- Philippines Economic Partnership Agreement (Kasunduang Pangkabuhayan ng Hapon at Pilipinas)

Similar presentations

Presentation on theme: "Japan- Philippines Economic Partnership Agreement (Kasunduang Pangkabuhayan ng Hapon at Pilipinas)"— Presentation transcript:

1 Japan- Philippines Economic Partnership Agreement (Kasunduang Pangkabuhayan ng Hapon at Pilipinas)

2 Definition and facts of JPEPA  An economic partnership agreement concerning bilateral investment and free trade agreement between Japan and the Philippines  It was signed in Helsinki, Finland on September 9,2006  Signed by Philippines: President Gloria Macapagal Arroyo and Prime Minister Junichiro Koizumi  The first bilateral trade treaty which the Philippines has entered since the Parity Right Agreement of 1946 with the United States  This treaty consists of 16 chapters and 165 Articles with 8 Annexes.  Ratified by the Senate of the Philippines on 2008

3 Three key pillars of JPEPA  Liberalization  Facilitation  Cooperation

4 Advantages of JPEPA  JPEPA is market opening together with cooperation- representing a new age of free trade area (FTA), includes smooth movement of people, capital, and information and areas like investment and trade facilitation, as well as cooperation in Science and Technology, Human resource development, small and medium enterprises and the environment  Potential gains and opportunities- Philippine exports, Japan’s foreign direct investment and development assistance  Market Openings in goods- Removal of tariffs of both parties will make it easier for imports and exports to happen.  Market access in Services- Not just in goods, Japan and Philippines will be more accessible in Services.  Improving the agreement and the Dispute Settlement Mechanism- Creation of subcommittees.  Provides special exceptions for environmental protection

5 Disadvantages and issues of JPEPA  Environmentalists claim that it violates certain laws such as:  People’s right to health (Article II, Section 15)  Right to a balanced and healthful ecology (Article II, Section 16)  Toxic Substance and Hazardous and Nuclear Waste Act of 1990 (RA 6969)  An act to safeguard the health of the People and maintain the dignity of the nation by declaring it a national policy to prohibit the commercial importation of textile articles commonly known as Used clothing and rags (RA 4653)  The Basel Convention on the control of Transboundary Movements of Hazardous Wates and their Disposal

6 Disadvantages and issues of JPEPA  Some Japanese groups mobilized to stop the deal for many reasons including:  Overlook the real and potential abuse of Filipino workers in Japan, limited jobs, must learn Japanese, undergo exams and etc.  Japan might gain access to and be able to overfish in Philippine waters, running the livelihoods of small fisherfolk  Increased banana and pineapple exports to Japan would go to corporations like Dole and Del Monte and not to small businesses or landless farmers  Unconstitutional, The Philippine constitution does not allow Japanese to own land, operate schools and practice certain professions in the Philippines  Huge imbalances- Japanese excluded almost 200 tariff lines from the agreement, the Philippines only 6.  Gives explicit legal ground for Japan to dump toxic wastes in the Philippines

7 Article 1 (Objectives)  Promote transparency in government procurement  Increase investment opportunities and strengthen and protection for investments and its activities in Japan and the Philippines  Facilitate the mutual recognition of the results of conformity assessment procedures for products or processes  To liberalize and facilitate trade in goods and services between Japan and the Philippines

8 Article 1 (Objectives)  Create effective procedures for the implementation and operation of this Agreement and for thee resolution of disputes  Promote transparency in the implementation of laws and regulations respecting matters covered by this Agreement  Establish a framework for further bilateral cooperation and improvement of business environment  Promote competition by addressing anti-competitive activities and cooperate in the field of competition  Enhance protection of intellectual property and strengthen cooperation in the field thereof to promote trade and investment between Japan and the Philippines

Download ppt "Japan- Philippines Economic Partnership Agreement (Kasunduang Pangkabuhayan ng Hapon at Pilipinas)"

Similar presentations

Ads by Google