The Philippines and Peru will establish a Joint Trade Commission (JTC) to explore ways to boost bilateral trade, the Department of Trade and Industry (DTI) said.
In a statement over the weekend, the DTI said: “The JTC will serve as a formal platform for dialogue and cooperation with the aim of expanding bilateral trade, diversifying trade and exploring new areas of partnership.”
Trade Secretary Christina A. Roque and Peru's Minister of Foreign Trade and Tourism Teresa Stella Mera Gómez announced the construction of a JTC on the 32nd.Ra APEC summit in South Korea on 1 November.
In a separate statement, the Philippines and Chile reaffirmed their commitment to pursue Philippines-Chile Comprehensive Economic Partnership Agreement (CEPA) negotiations.
“The two sides expressed their determination to finalize the trade agreement as soon as possible and build stronger regional cooperation, given the Philippines' interest in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and Chile's interest in joining the Regional Comprehensive Economic Partnership (RCEP),” the DTI said.
Under Secretary of Trade Alan B. Gepti and Chile's Trade Deputy Minister Claudia Sanhueza met on the sidelines of APEC Leaders Week.marginal forceFulfill our commitments to advance the CEPA negotiations.
Chile is 37 of Philippinesth Largest trading partner. Total trade between the two countries is expected to increase by 137% to $334.13 million in 2024. Beatriz Marie D. Cruz
