Date Published:
Aug 18, 2016
Focus Area(s):
Code:
DP 2016-30

Using a global computable general equilibrium model, the paper analyzes the potential effects of Regional Comprehensive Economic Partnership (RCEP) on the Philippine economy. The analysis involves an 80-percent reduction in tariffs and 10 percent in nontariff barriers within RCEP member-countries over a 10-year period. The results indicate trade creation within RCEP. Exports of RCEP to nonmembers decline. Within RCEP, the improvement in exports of the six non-ASEAN members is relatively higher than the Association of Southeast Asian Nations (ASEAN) members. Viet Nam benefits the most among ASEAN members. Exports of the rest of ASEAN increase as well, including the Philippines. The entry of cheaper rice in the Philippines benefits lower income households. The entry of cheaper textiles benefits the garments industry. On the whole, Philippine gross domestic product improves by 3 percent and welfare by USD 2 billion. Philippine poverty declines from 24.9 percent to 23.3 percent.

Citations

This publication has been cited 7 times

In other Publications
  1. Tchoffo, Rodrigue Nobosse and Ibrahim Ngouhouo. 2020. Cameroon’s bilateral economic partnership agreement: A microsimulation approach. Applied Economics and Finance, 7, no. 2, 67-84. Redfame publishing.
In the Media
  1. Bernie Cahiles-Magkilat . 2021. PH excludes agri items from RCEP – DTI. Manila Bulletin.
  2. BusinessMirror. 2018. ‘All tariff revenues must go to permanent rice fund’. BusinessMirror.
  3. Dagooc, Ehda. 2017. Government urged to liberalize goods sector. Philippine Star.
  4. Department of Trade and Industry . 2021. 2nd Public Hearing on RCEP tackles Safety Nets vis-à-vis Gains for the Philippines ahead of Concurrence Proceedings. Department of Trade and Industry.
  5. Malaya Business Insight. 2018. PH urged to join more regional FTAs. Malaya Business Insight.
  6. Velasco, Ed. 2017. Relaxed tuna sector regulations pushed. The Daily Tribune.


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