Advertisementspot_img
Thursday, March 28, 2024

Delivering Stories of Progress

Advertisementspot_img

EU-PH held first subcommittee meeting on Trade, Investment and Economic Cooperation

Latest article

Advertisement - PS02barkero developers premium website

THEPHILBIZNEWS Partner Hotels

Hotel Okura Manila
Hotel 101
The Manor at Camp John Hay
Novotel Manila
Taal Vista Hotel
Advertisement - PS02barkero developers premium website

Graphic from THEPHILBIZNEWS

The European Union and the Philippines held their first sub-committee meeting on Trade, Investment and Economic Cooperation under the EU-Philippines Partnership and Cooperation Agreement (PCA).

The sub-committee meeting was organised by virtual conference, was led on the EU side by Mr Peter Berz, Head of Unit for South and South-East Asia, Australia, New Zealand in DG TRADE, and, from the Philippines side by Mr Allan Gepty, Assistant Secretary, Industry Development and Trade Policy Group at the Department of Trade Industry (DTI).

The sub-committee meeting took place in a friendly and constructive atmosphere and provided a platform for both the EU and the Philippines to discuss various trade-related topics including bilateral trade and investment performance, with close attention to the implementation by the Philippines of the GSP+ preferential trade scheme and the related commitments. The discussions extended to market access issues, regulatory developments, regional trade agreements and reforms in the multilateral trading system, and areas for future engagement and cooperation.

The EU noted the usefulness of these discussions to keep abreast both parties on trade and economic developments even more so at a time when working together and reinforcing international cooperation is crucial for recovering from the economic impact of the COVID-19 pandemic.

The subcommittee on Trade, Investment and Economic Cooperation was formed after the EU-Philippines PCA entered into force in 2019. The first EU-Philippines PCA committee meeting took place in January 2019  which provided mandate for the establishment of various subcommittees, including the one on trade, investment and economic cooperation.

Advertisement - PS04spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Advertisement - PS05spot_img
Advertisement - PS01spot_img

Must read

Advertisement - PS03spot_img