DTI is launching the campaign here together with the Trade Commission and in partnership with Silliman University’s (SU) Nutrition and Dietetics Department.
Kicking off the campaign dubbed “Doing Business in Free Trade Areas” is a presentation on April 18 at SU’s Instructional Media and Technological Center.
The discussion will center on food-related opportunities and include notes on market opportunities and products with zero or reduced tariffs while attempting to give a larger picture of the impact of the FTAs on local trade and commerce.
It will also highlight the 2011-2013 Philippine Export Development Plan.
The following day, a session with owners of local establishments and other professionals will take place to explain the FTAs to them more comprehensively.
There are currently seven newly implemented FTAs: Philippines-Japan Economic Partnership Agreement (PJEPA), Association of South East Asian Nations (ASEAN) Free Trade Area (AFTA), and five ASEAN Regional FTAs with China, Japan, Korea, Australia-New Zealand and India.
Countries like the Philippines enter into FTAs with other countries as a means to promote trade and investment flows, penetrate international markets while offering enormous trade opportunities for exporters of various goods and services.
DTI noted last year the low level of awareness among exporters of trade opportunities under the country’s various FTAs.
“Understanding emerging and new markets and its instruments such as FTAs will help exporters address new challenges in the global business environment,” Trade and Industry Sec. Gregorio Domingo said in an earlier report that appeared in Manila Bulletin.
He also noted in the same report that export companies have not fully utilized the FTAs ‘because businessmen are not properly informed of the business opportunities that the country has gained from our FTA.” (www.ugnayan.com)