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Eu Philippines Trade Agreement

septiembre 19, 2021 By: admin Category: Sin categoría

Negotiations for a trade and investment agreement between the EU and the Philippines started on 22 December 2015. The aim is to conclude an agreement covering a wide range of issues, including tariffs, non-tariff barriers, trade in services and investment, as well as the trade aspects of government procurement, intellectual property, competition and sustainable development. The meeting will bring together different technical working groups to discuss in a structured way a wide range of topics, including trade, investment and economic cooperation. The European Parliament`s resolution is only the latest sign of its growing willingness to use its economic power for human rights defenders. In February, the EU partially suspended Cambodia`s trade preferences under the bloc`s Everything But Arms (EBA) programme, after Prime Minister Hun Sen`s government cracked down sharply. The suspension, which came into effect on August 12, covers one-fifth of Cambodia`s annual exports to the EU or goods worth about $1 billion. Brussels also discussed the withdrawal of EBA privileges from Myanmar in retaliation for the military`s merciless attacks on Rohingya Muslims in Rakhine State. Further information on the EU-Philippines trade and investment negotiations, including EU-proposed texts and circular reports With the exception of the PCA, there has been no agreement on the opening of a round of bilateral free trade agreements. The Parties recognize that economic development, social development and environmental protection are interdependent. In Chapter 11, they reaffirm their commitment to multilateral environmental and labour agreements and principles and commit to maintaining the level of protection, while recognizing the right of each party to establish its own level of environmental and labour protection. Arbitration procedures shall not apply to this Chapter.

The provisions on the protection of intellectual property rights (Chapter 8 and Annex XVIII) concern, inter alia, trademarks, copyrights, patents and geographical indications and contain provisions on the enforcement of intellectual property rights and cooperation between the Parties. The provisions are based on the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) and provide for a high level of protection, taking into account most-favoured-nation principles and domestic treatment. The Chapter on Trade in Services (Chapter 6) closely follows the approach of the WTO General Agreement on Trade in Services (GATS). It covers trade in all services sectors among the four types of supply. Separate Annexes on Financial Services (Annex XIII), Telecommunications Services (Annex XIV), Free Movement of Natural Persons (Annex XV), Maritime Transport Services (Annex XVI) and Energy-Related Services (Annex XVII) complete the Chapter with additional sectoral disciplines. The lists of specific obligations and derogations from the most-favoured-nation regime of the Contracting Parties are set out in Annexes XI and XII respectively. These schedules are regularly reviewed in order to further liberalise trade in services between the two parties. .

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