Confirmed: Philippines wants to join TPP

[mike2000 is back]

One thing for sure Pinoy love to be like us. When we dont like U.S, they kicked U.S out. When we got close to U.S they invite U.S back. When we do FTA with Europe they also follow and TPP. When we dont like China they as well dont like China. When the Viet boat people ran to their country they welcomed them. Pinoy is like our long lost little sister. I like pinoy girls.

Pinoys and Laos are close to us naturally. While Cambodia lis like inferior version of China which we dont like.

Funny logic. Lool but interesting

 

[Yazp]

By Prashanth Parameswaran
June 25, 2015

Trade secretary delivers Manila’s clearest declaration of intent yet.

View attachment 232582

The Philippines is committed to joining the Trans-Pacific Partnership (TPP), the country’s trade chief confirmed Wednesday morning in the clearest declaration made to date on the issue.

“I want to state clearly and irrevocably that we want to join TPP,” Philippine trade secretary Gregory Domingo told a conference at the Center for Strategic and International Studies, a Washington, D.C.-based think tank.

Domingo’s statements come after what some perceived as ambiguity in recent months about the Philippine position regarding the U.S.-led agreement, whose members currently represent more than half of global output and over 40 percent of world trade. Reports in late March had suggested that Manila would not take part in TPP negotiations under the current government due to legal and constitutional complications which imposed significant time constraints. Some had interpreted this to mean a general unwillingness of the Philippines to commit to the pact at all.

But with the confirmation in his remarks Tuesday – the clearest yet by a Philippine official – Domingo sought to assuage any doubts in Washington that he said may have been caused by a “mistranslation” of comments by Philippine officials. Domingo also reiterated that Philippine officials – including President Benigno Aquino III himself – had on several previous occasions over the past few years expressed interest in joining the TPP.

Domingo acknowledged that Manila’s willingness to join the TPP did not make confronting existing challenges to doing so any easier. As is the case for several current and potential TPP negotiating parties, there are concerns on a number of sensitive issues for the Philippines, including state-owned enterprises. Philippine officials including Domingo had previously requested “flexibility” on these matters.

Joining the TPP may also require the Philippines to amend its constitution, which currently has restrictions on foreign ownership in certain sectors. Yet Domingo acknowledged that there were not enough votes right now in the Philippine legislature to do so, even if there was a possibility that it might get to try later this year ahead of presidential elections in 2016 and the end of Aquino’s five-year term in office.

“When it comes to constitutional amendments, it is very difficult to make a prediction,” he admitted.

Nonetheless, Domingo said that it was critical for the Philippines to negotiate some kind of bilateral economic agreement with its ally the United States, which has traditionally been among Manila’s top trading partners and its largest investor. The TPP would provide an avenue for this to occur, he said.

“It behooves the Philippines to have an agreement with the United States one way or another,” he said.

Though the Philippines’ only bilateral agreement of this kind is currently with Japan, Domingo said Manila is currently pursuing a free trade agreement with the countries of the European Free Trade Association (EFTA) — Iceland, Liechtenstein, Norway, and Switzerland. He added that the Philippines had also been approached by six other countries for bilateral agreements as well.

Meanwhile, as The Diplomat previously reported, the TPP has inched forward on Capitol Hill in recent days after a period of stalling, even though there is still a long way to go. The Senate got the necessary votes to move to a standalone vote on Trade Promotion Authority (TPA) earlier this week, days after the House had passed a similar vote on its side. TPA or “fast-track” is viewed as critical to passing TPP since it ensures Congress can only have an up-or-down vote on the pact, rather than opening up and amending specific provisions, which could delay or kill the deal.

Once the TPP is finalized among the existing 12 members, U.S. officials have stressed that the agreement remains “open” to other countries once they meet the standards, including China.

The TPP currently groups the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

Confirmed: Philippines Wants to Join TPP

For a moment, you had me think Philippines wanted to join the Tehreek-E-Taliban Pakistan

 

[mike2000 is back]

By Prashanth Parameswaran
June 25, 2015

Trade secretary delivers Manila’s clearest declaration of intent yet.

View attachment 232582

The Philippines is committed to joining the Trans-Pacific Partnership (TPP), the country’s trade chief confirmed Wednesday morning in the clearest declaration made to date on the issue.

“I want to state clearly and irrevocably that we want to join TPP,” Philippine trade secretary Gregory Domingo told a conference at the Center for Strategic and International Studies, a Washington, D.C.-based think tank.

Domingo’s statements come after what some perceived as ambiguity in recent months about the Philippine position regarding the U.S.-led agreement, whose members currently represent more than half of global output and over 40 percent of world trade. Reports in late March had suggested that Manila would not take part in TPP negotiations under the current government due to legal and constitutional complications which imposed significant time constraints. Some had interpreted this to mean a general unwillingness of the Philippines to commit to the pact at all.

But with the confirmation in his remarks Tuesday – the clearest yet by a Philippine official – Domingo sought to assuage any doubts in Washington that he said may have been caused by a “mistranslation” of comments by Philippine officials. Domingo also reiterated that Philippine officials – including President Benigno Aquino III himself – had on several previous occasions over the past few years expressed interest in joining the TPP.

Domingo acknowledged that Manila’s willingness to join the TPP did not make confronting existing challenges to doing so any easier. As is the case for several current and potential TPP negotiating parties, there are concerns on a number of sensitive issues for the Philippines, including state-owned enterprises. Philippine officials including Domingo had previously requested “flexibility” on these matters.

Joining the TPP may also require the Philippines to amend its constitution, which currently has restrictions on foreign ownership in certain sectors. Yet Domingo acknowledged that there were not enough votes right now in the Philippine legislature to do so, even if there was a possibility that it might get to try later this year ahead of presidential elections in 2016 and the end of Aquino’s five-year term in office.

“When it comes to constitutional amendments, it is very difficult to make a prediction,” he admitted.

Nonetheless, Domingo said that it was critical for the Philippines to negotiate some kind of bilateral economic agreement with its ally the United States, which has traditionally been among Manila’s top trading partners and its largest investor. The TPP would provide an avenue for this to occur, he said.

“It behooves the Philippines to have an agreement with the United States one way or another,” he said.

Though the Philippines’ only bilateral agreement of this kind is currently with Japan, Domingo said Manila is currently pursuing a free trade agreement with the countries of the European Free Trade Association (EFTA) — Iceland, Liechtenstein, Norway, and Switzerland. He added that the Philippines had also been approached by six other countries for bilateral agreements as well.

Meanwhile, as The Diplomat previously reported, the TPP has inched forward on Capitol Hill in recent days after a period of stalling, even though there is still a long way to go. The Senate got the necessary votes to move to a standalone vote on Trade Promotion Authority (TPA) earlier this week, days after the House had passed a similar vote on its side. TPA or “fast-track” is viewed as critical to passing TPP since it ensures Congress can only have an up-or-down vote on the pact, rather than opening up and amending specific provisions, which could delay or kill the deal.

Once the TPP is finalized among the existing 12 members, U.S. officials have stressed that the agreement remains “open” to other countries once they meet the standards, including China.

The TPP currently groups the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

Confirmed: Philippines Wants to Join TPP

Being thethe most pro U S country in the region, I thought the Philippines was longgg in the TTP. ddint think the U. S even had to ask anymore.

 

[Zero_wing]

China's slowdown creates $1 trillion in economic output per year

Do you know how many Pinoy economies China creates each year?

Listen up kid, Philippines will always remain an irrelevant little ant compared to China. China's lead over Philippine is so big its like comparing a billionaire to a working class man.

Then what's this then http://www.economist.com/blogs/freeexchange/2015/05/chinas-economy
Eat your heart out jerk off

 

[Beidou2020]

Then what's this then http://www.economist.com/blogs/freeexchange/2015/05/chinas-economy
Eat your heart out jerk off

As I said, China's 'slowdown' is considered fast for any other economy.
China is growing from 10% to 7%.
But considering the size of the Chinese economy is $10 trillion, 7% growth to a $10 trillion economy gives real GDP growth of $700 billion and nominal growth of about $1 trillion.

Do you even understand the concept of compounding effect?

 

[Aepsilons]

Being thethe most pro U S country in the region, I thought the Philippines was longgg in the TTP. ddint think the U. S even had to ask anymore.

The Philippine economy is opening up towards foreign investment (more that is). This is a good sign...!

 

[Zero_wing]

As I said, China's 'slowdown' is considered fast for any other economy.
China is growing from 10% to 7%.
But considering the size of the Chinese economy is $10 trillion, 7% growth to a $10 trillion economy gives real GDP growth of $700 billion and nominal growth of about $1 trillion.

Do you even understand the concept of compounding effect?

Why are economic expert nice propaganda? imperial china economy is failing thanks to the oh so powerful and dumb cp

 

[DaiViet]

As I said, China's 'slowdown' is considered fast for any other economy.
China is growing from 10% to 7%.
But considering the size of the Chinese economy is $10 trillion, 7% growth to a $10 trillion economy gives real GDP growth of $700 billion and nominal growth of about $1 trillion.

Do you even understand the concept of compounding effect?

Divide that number for 1.3 billion Chinese, your poverty rate still higher than Vietnam try to solve that issue.

 

[Zero_wing]

Divide that number for 1.3 billion Chinese, your poverty rate still higher than Vietnam try to solve that issue.

Hey imperial you want alovera for that burn love to say that to any imperial chinese dbag

 

[Beidou2020]

Divide that number for 1.3 billion Chinese, your poverty rate still higher than Vietnam try to solve that issue.

National power means nothing in per capita terms.

Power is decided in absolute size.

Chinese military budget alone is bigger than the entire Viet economy. That why China can bully Vietnam whenever it feels like it but Viets can never do anything to China.

 

[DaiViet]

National power means nothing in per capita terms.

Power is decided in absolute size.

Chinese military budget alone is bigger than the entire Viet economy. That why China can bully Vietnam whenever it feels like it but Viets can never do anything to China.

Not sure about that but I know some Viet come to China to find Chinese whores for fun. Or I can have your Chinese serve my food like my servants. It is money talk idiot.

While you against TPP so much I wonder if someday your Chinese boss wants to join TPP, what the clowns like you will react or say?

 

[XiaoYaoZi]

Not sure about that but I know some Viet come to China to find Chinese whores for fun. Or I can have your Chinese serve my food like my servants. It is money talk idiot.

While you against TPP so much I wonder if someday your Chinese boss wants to join TPP, what the clowns like you will react or say?

We even neednt go to Vietnam to find Viet whores, there are many in local hotels in China, cheap and capable horses.
We never against TPP, we want to join it just like another WTO. It is the Uncle Sam who dare not allow our country to join in.
If someday we join TPP, our two countries (China and big Vietnam)would continue to be comrades and brothers of TPP.

 

[Tiger Genie]

PH almost has nothing to lose . it is an easy decision .
but Japan /aus/ new/singa ,there will be an very long long long time negotiation if those countries have a will to protect their own industries.

that is so pathetic I cannot but help smiling. When is China joining?

 

[Kyle Sun]

that is so pathetic I cannot but help smiling. When is China joining?

USA will not allow that.
TPP is simply kind of WTO 2.0.
If Viet/Ph/Thai join the TPP , their industries will be destroyed for sure.

 

[Aepsilons]

USA will not allow that.
TPP is simply kind of WTO 2.0.
If Viet/Ph/Thai join the TPP , their industries will be destroyed for sure.

Please provide cold, hard, empirical data to support this claim.

Please.