Amending the Economic Provisions of the 1987 Constitution

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This issue of the EID features the amendment of the economic provisions of the 1987 Constitution. Amending the Constitution`s economic provisions is an ideal recourse for the Philippines if it wants to benefit from the establishment of the ASEAN Economic Community (AEC) in 2015. The country needs to be competitive in order to take advantage of the growing marketplace of opportunities, especially for small and medium enterprises. Platforms like the AEC and other free trade agreements are gaining more success in terms of reducing or removing market entry and access issues.