Doing Business in the Philippines

The objectives of the subject “International Trade and Business in the Republic of the Philippines” are the following:

1. To analyze the Philippine Economy and Global Trade;
2. To know the business opportunities in the Republic of the Philippines;
3. To explore the Philippine trade relations with the country of the student;
4. To know the Philippine Trade Agreements;
5. To examine the profile of Philippine companies;
6. To develop a business plan for the Philippine market.

The Subject “Foreign Trade and Business in the Philippines” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: Asian Business, World Trade.

Masters: International Business, Foreign Trade.

EENI in Tagalog: Master internasyonal Negosyo.

Languages: or Filipinas Philippines.

1. Credits of the subject “Foreign Trade and Business in the Philippines”: 2 ;
2. Duration: two weeks.

1. Access to the East-West Economic Corridor (Myanmar-Thailand-Laos-Vietnam);
2. Access to the Nanning-Singapore Economic Corridor

Philippine Trade Agreements and Market Access:

1. Association of Southeast Asian Nations (ASEAN)
   1. ASEAN Free-Trade Area;
   2. ASEAN Economic Community;
   3. East ASEAN Growth Area (BIMP-EAGA);
   4. The Philippines has Free Trade Agreements (as a member of the ASEAN) with China, India, Australia-New Zealand, EU, Japan, Korea, Russia, and the U.S..
2. Asia-Pacific Economic Cooperation (APEC);
3. Japan-Philippines Economic Partnership Agreement;
4. EU-Philippines;
   1. EU-Philippines Partnership and Cooperation Agreement;
   2. ASEAN-European Union.
5. EFTA-Philippines Free Trade Agreement;
6. Regional Comprehensive Economic Association (RCEP);
7. Global System of Trade Preferences (GSTP);
8. Trade Negotiations Among Developing Countries;
9. Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) - Candidate Country.

1. WTO
   1. Agreement on Trade in Services (GATS);
   2. Agreement on the Application of Sanitary Measures;
   3. Agreement on Technical Barriers to Trade;
   4. Agreement on Preshipment Inspection;
   5. Agreement on Safeguards;
   6. Trade Facilitation Agreement.
2. WCO
   1. Revised Kyoto Convention.
3. Hamburg Rules;
4. International Bureau of Containers and Intermodal Transport (BIC);
5. Chicago Convention (ICAO);
6. International Maritime Organization (IMO) 
   1. Istanbul Convention - not a member.
7. International Chamber of Shipping (ICS);
8. Customs Convention on Containers - not a member.

Asian Trade and Economic Organizations:

1. Asian Development Bank;
2. Colombo Plan;
3. Boao Forum for Asia;
4. Asia Cooperation Dialogue;
5. ESCAP;
6. East Asia-Latin America Cooperation;
7. Africa-Asia Strategic Partnership;
8. Asia-Middle East Dialogue (AMED).

Global Organizations:

1. UN
   1. UNCTAD;
   2. ITC;
   3. UNCITRAL;
   4. WIPO.
2. WB;
3. WTO;
4. Pacific Economic Cooperation Council (PEEC);
5. IMF.

The Republic of the Philippines:

1. Philippine Capital: Manila;
2. The largest city of the Philippines: Quezon City;
3. The Philippine official languages are Filipino (Tagalog) and English
   1. In the Philippines, they are nineteen recognized regional language;
   2. Spanish and Arabic are also used.
4. Philippine Area: 300,000 km²;
5. Philippine Population: 102 million people;
6. The main Philippine ethnic groups are Visayan (34%), Tagalog (28%), Ilocano (10%), and Bicolano (7%);
7. Type of Government of the Philippines: Unitary Presidential Constitutional Republic;
8. Independence of the Philippines:
   1. 1898 (from Spain);
   2. 1946 (from the United States).
9. Maritime borders of the Philippines: Indonesia, Malaysia, Palau, Taiwan and Vietnam.

Main religion in the Philippines: Christianity (Catholicism: 75 million) and Islam (10%).

Philippine Economy.

The Republic of the Philippines is one of the fastest economies in South-east Asia.

1. The Philippines is the 39th largest economy in the World;
2. Philippine GDP: 289.686 billion dollars;
3. The Philippines is a newly industrialized country and one of the Next Eleven economies;
4. Philippine agricultural sector: 14% of the GDP and 32% of the labour force;
5. Industry: 30% of the GDP and 14% of the workforce;
6. Services sector of the Philippines: 56% of the GDP and the 47% of the workers;
7. The Republic of the Philippines is an excellent platform for international business;
8. The Philippines is strategically located in the middle of two important Foreign Trade routes: The Pacific Ocean and the South China Sea;
9. The Philippines is one of the top ten gold producers in the World;
10. Key emerging sectors of the Philippine economy: electronics, business process outsourcing, and software development;
11. Philippine Currency: Peso (PHP);
12. Unemployment rate in the Philippines: 6%.

International Trade of the Philippines.

1. The Philippines is the largest copper exporter in Southeast Asia;
2. Top trading partners of the Philippines are the U.S., and Hong Kong, and Hong Kong;
3. Top exports products of the Philippines: semiconductors, electronic products, Transport equipment, garments, copper products, and petroleum;
4. The Philippine company “Madagascar International Container Terminal Services” manages the Toamasina Autonomous Port.

Foreign direct investment (FDI). Foreign investors are allowed to invest 100% equity in companies occupied in nearly all types of business activities.

(c) EENI Global Business School (1995-2023)
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