The Department of Trade and Industry (DTI) said it hopes to sign amendments to the Japan-Philippines Economic Partnership Agreement (JPEPA) in November, Trade Secretary Maria Cristina A. Roque announced, as reported by BusinessWorld.
Speaking on the sidelines of the Bagong Pilipinas Wedding Fair last week, Roque stated that the review of the JPEPA is ongoing. The agreement, first signed in 2006, governs trade and economic relations between the two countries, and the revisions aim to update its provisions to reflect current economic realities.
The signing in November would mark a significant step in bilateral trade ties, potentially enhancing market access and cooperation in various sectors. Further details on the specific amendments are expected to emerge as negotiations progress.