Ichiro Fujisaki, then Japanese Deputy Minister for Foreign Affairs is photographed in February 2004 during a press briefing in Manila.
The Japanese official’s visit launched trade talks between Manila and Tokyo in what would become the Japan-Philippines Economic Partnership Agreement (JPEPA). Japan ratified it in 2006 but the Philippines took longer owing to strong opposition from lobby groups.
In January 2014, the Philippines’ access to the Japanese market had a marked improvement after the agreement’s implementation, the state-run Philippine Institute for Development Studies (PIDS) said.
“Although there is some natural leveling off in succeeding years, the average yearly trade volume and value from 2009 to 2012 are significantly higher than in the four years immediately before the [JPEPA],” the PIDS said in a BusinessWorld report.//
The Japanese official’s visit launched trade talks between Manila and Tokyo in what would become the Japan-Philippines Economic Partnership Agreement (JPEPA). Japan ratified it in 2006 but the Philippines took longer owing to strong opposition from lobby groups.
In January 2014, the Philippines’ access to the Japanese market had a marked improvement after the agreement’s implementation, the state-run Philippine Institute for Development Studies (PIDS) said.
“Although there is some natural leveling off in succeeding years, the average yearly trade volume and value from 2009 to 2012 are significantly higher than in the four years immediately before the [JPEPA],” the PIDS said in a BusinessWorld report.//
