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Philippine Trade Policy and the Japan-Philippines Economic Partnership Agreement (JPEPA)

Philippine Trade Policy and the Japan-Philippines Economic Partnership Agreement (JPEPA) Abstract: Taking the problematic ratification of the Japan-Philippines Economic Partnership Agreement (JPEPA) as a focal point, this article aims to determine the current state and future prospects of Philippine trade policy. Utilizing a multi-level approach, the motives and actions of the Philippines are analysed within the broader historical and socio-political framework of the country's trade policy. JPEPA was initiated by Tokyo and for both Japan and the Philippines it served important foreign policy goals, although the economic benefits for the latter were also substantial. The analysis shows that political institutions in the Philippines do not exert much influence on trade policy outcomes, the major exception being the office of the President. Domestic interests are far more important for Philippine trade policy. The analysis indicates that trade liberalization has hardly ever been an issue in Philippine politics, except in rare cases when it came to be foregrounded by a combination of incidental domestic political processes and initiatives of foreign powers such as Japan or regional organizations like ASEAN and APEC. The JPEPA case has reinforced the existing domestic trade policy gridlock, although external initiatives by foreign countries and regional organizations will remain of key importance for further trade liberalization in the Philippines. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Contemporary Southeast Asia: A Journal of International and Strategic Affairs Institute of Southeast Asian Studies

Philippine Trade Policy and the Japan-Philippines Economic Partnership Agreement (JPEPA)

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Publisher
Institute of Southeast Asian Studies
Copyright
Copyright © Institute of Southeast Asian Studies
ISSN
1793-284X
Publisher site
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Abstract

Abstract: Taking the problematic ratification of the Japan-Philippines Economic Partnership Agreement (JPEPA) as a focal point, this article aims to determine the current state and future prospects of Philippine trade policy. Utilizing a multi-level approach, the motives and actions of the Philippines are analysed within the broader historical and socio-political framework of the country's trade policy. JPEPA was initiated by Tokyo and for both Japan and the Philippines it served important foreign policy goals, although the economic benefits for the latter were also substantial. The analysis shows that political institutions in the Philippines do not exert much influence on trade policy outcomes, the major exception being the office of the President. Domestic interests are far more important for Philippine trade policy. The analysis indicates that trade liberalization has hardly ever been an issue in Philippine politics, except in rare cases when it came to be foregrounded by a combination of incidental domestic political processes and initiatives of foreign powers such as Japan or regional organizations like ASEAN and APEC. The JPEPA case has reinforced the existing domestic trade policy gridlock, although external initiatives by foreign countries and regional organizations will remain of key importance for further trade liberalization in the Philippines.

Journal

Contemporary Southeast Asia: A Journal of International and Strategic AffairsInstitute of Southeast Asian Studies

Published: Jun 4, 2011

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