The Philippines is seeking to revive discussions to update the Japan-Philippines Economic Partnership Agreement (JPEPA). This move aims to widen market access for local agricultural products, providing new opportunities for Filipino farmers and exporters.
JPEPA is the country’s first bilateral free trade agreement, which came into force in December 2008. The agreement was designed to liberalize and facilitate trade in goods and services between the Philippines and Japan, strengthening economic ties between the two nations.
By revisiting and updating the terms of JPEPA, the Philippines hopes to enhance trade cooperation and create a more favorable environment for its agricultural sector within the Japanese market.
https://business.inquirer.net/550894/ph-seeks-to-update-trade-deal-with-japan