ASEAN Economic Community 2015: Capacity-building Imperatives for Services Liberalization
The paper aims to assess and determine the capacity-building needs required to liberalize trade in services in the Philippines. Through the ASEAN Framework on the Trade in Services, the Philippines has committed to liberalize various sectors including air transport, maritime transport, construction, financial services, and telecommunications. The country has also signed seven Mutual Recognition Agreements in engineering, nursing, architecture, land surveying, medical, dental practice, and accountancy. The overall progress of services liberalization has been modest compared to trade in goods. Due mainly to constitutional restrictions, limitations on market access and national treatment are still imposed and foreign service providers continue to be subject to limits on equity participation, participation in the Board of Directors, acquisition of land, and practice of professions. Apart from these constitutional and legal constraints, the other obstacles to services liberalization include high cost of doing business, inadequate infrastructure, and governance issues affecting the competitiveness of industries; inefficient coordination among government agencies involved in trade in services; lack of awareness among key stakeholders of the benefits from services reforms; lack of a comprehensive strategy on services liberalization; and lack of capable staff members in key government agencies. Clear gaps in the capacity of national agencies and regulators to effectively implement the country`s services liberalization commitments exist. To address these, the paper suggests capacity-building and technical assistance activities covering the crafting of an overall trade in services strategy as part of a more comprehensive trade strategy covering both goods and services; formulating roadmaps for the various services sectors; and enhancing current coordination mechanisms among government agencies and the private/civil society sectors.
|Date of creation:||2013|
|Contact details of provider:|| Postal: NEDA sa Makati Building, 106 Amorsolo St., Legaspi Village, Makati City,|
Web page: http://www.pids.gov.ph/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Yap, Josef T. & Medalla, Erlinda M. & Aldaba, Rafaelita M. & Llanto, Gilberto M. & Lazaro, Dorothea C. & Zafe, Larraine C. & Mantaring, Melalyn C. & Quimba, Francis Mark A., 2010.
"ERIA Study to Further Improve the ASEAN Economic Community Scorecard: the Philippines,"
DP 2010-24, Philippine Institute for Development Studies.
- Rafaelita M. Aldaba, 2010. "ERIA Study to Further Improve the ASEAN Economic Community Scorecard : the Philippines," Governance Working Papers 23102, East Asian Bureau of Economic Research.
When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2013-06. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Aniceto Orbeta)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.