Trade and Business in the Philippines, Manila

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

1. To analyse the Philippine Economy and Foreign Trade (Import, Export, FDI)
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 Free Trade Agreements
5. To examine the profile of Philippine companies
6. To develop a business plan for the Philippine market

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, European Union, Japan, Korea, Russia, and the United States
2. Asia-Pacific Economic Cooperation (APEC)
3. Japan-Philippines Economic Partnership Agreement
4. European Union-Philippines
   1. European Union-Philippines Partnership and Cooperation Agreement
   2. ASEAN-European Union
5. EFTA-Philippines Free Trade Agreement (FTA)
6. Regional Comprehensive Economic Association (RCEP)
7. Global System of Trade Preferences among Developing Countries (GSTP)
8. Protocol Relating to Trade Negotiations Among Developing Countries (PTN)
9. Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) - Candidate Country

Trade Facilitation Programs

1. World Trade Organisation (WTO)
   1. WTO General Agreement on Trade in Services (GATS)
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS)
   3. WTO Agreement on Technical Barriers to Trade (TBT)
   4. WTO Agreement on Preshipment Inspection (PSI)
   5. WTO Agreement on Safeguards (SG)
   6. WTO Trade Facilitation Agreement (TFA)
2. World Customs Organisation (WCO)
   1. Revised Kyoto Convention (RKC)
3. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN)
4. International Bureau of Containers and Intermodal Transport (BIC)
5. International Civil Aviation Organisation (ICAO, Chicago Convention)
6. International Maritime Organisation (IMO)
   1. Convention Relating to Temporary Admission (Istanbul Convention) - not a member
7. International Chamber of Shipping (ICS)
8. Customs Convention on Containers (CCC, UN) - not a member

Asian Trade and Economic Organisations

1. Asian Development Bank (ADB)
2. Colombo Plan
3. Boao Forum for Asia
4. Asia Cooperation Dialogue (ACD)
5. Economic and Social Commission for Asia and the Pacific (ESCAP)
6. Forum for East Asia-Latin America Cooperation (FEALAC)
7. Africa-Asia Strategic Partnership
8. Asia-Middle East Dialogue (AMED)

Global Organisations

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD)
   2. International Trade Centre (INTRACEN)
   3. Commission on International Trade Law (UNCITRAL)
   4. World Intellectual Property Organisation (WIPO)
2. World Bank (WB)
3. World Trade Organisation (WTO)
4. Pacific Economic Cooperation Council (PEEC)
5. International Monetary Fund (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 recognised regional language.
   2. Spanish and Arabic are also used
4. Philippine Area: 300,000 square kilometres
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 industrialised 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 international 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%

Foreign Trade of the Philippines.

1. The Philippines is the largest copper exporter in Southeast Asia
2. Top trading partners of the Philippines are the United States, Japan, China, Singapore, South Korea, the Netherlands, 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 (1995-2022)
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