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On Free Trade Agreements (FTAs): the Philippine Perspective

Author

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  • Medalla, Erlinda M.
  • Mantaring, Melalyn C.

Abstract

The formation of free trade agreements (FTAs) has been set in motion worldwide and its conclusion does not appear imminent in the near future. In the face of such developments, the Philippines is hard pressed to formulate a more rational FTA policy framework to deal with not just external, but perhaps more importantly, domestic repercussions. Like any other country, it would have to examine closely the motivations and impact, assess capacity needs, and balance short-term adjustments with long-term opportunities. It would need to look further ahead and formulate a vision about its regional and global participation. This short paper is an attempt to contribute toward this end. It starts with a brief discussion on current developments in Philippine FTA engagement. A suggested framework for FTA policy follows, with some discussion on the noodle bowl syndrome. The paper concludes with a discussion on the prospects for an East Asian FTA.

Suggested Citation

  • Medalla, Erlinda M. & Mantaring, Melalyn C., 2009. "On Free Trade Agreements (FTAs): the Philippine Perspective," Discussion Papers DP 2009-35, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2009-35
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    References listed on IDEAS

    as
    1. Austria, Myrna S., 2002. "The Philippines in the Global Trading Environment: Looking Back and the Road Ahead," Discussion Papers DP 2002-15, Philippine Institute for Development Studies.
    2. Medalla, Erlinda M. & Balboa, Jenny D., 2007. "The Impact of ASEAN-China FTA Early Harvest Program: the Case of the Philippines with Focus on Short-run Effects on the Agriculture Sector," Research Paper Series RPS 2007-01, Philippine Institute for Development Studies.
    3. Ganeshan Wignaraja & Dorothea Lazaro & Genevieve De Guzman, 2010. "Philippines," Chapters, in: Masahiro Kawai & Ganeshan Wignaraja (ed.), Asia’s Free Trade Agreements, chapter 8, Edward Elgar Publishing.
    4. Gary Clyde Hufbauer & Yee Wong, 2005. "Prospects for Regional Free Trade in Asia," Working Paper Series WP05-12, Peterson Institute for International Economics.
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    Cited by:

    1. yean, tham siew & Yi, Andrew Kam Jia, 2014. "Reassessing the Impact of the ASEAN-India Free Trade Agreement," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 48(2), pages 99-110.

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