Date Published:
Feb 21, 2023
Policy Notes
Focus Area(s):
PN 2023-03

The Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are expected to facilitate economic liberalization and greater integration. Given the opportunities and threats of these agreements to participating economies, this Policy Note examines the Philippine tourism industry’s readiness for increased liberalization through RCEP and CPTPP. It suggests that effective planning strategies, capacity-building initiatives, and infrastructure development are necessary to ensure the tourism industry’s readiness for further trade liberalization. Moreover, effective communication campaigns, enhanced skills and capacities, and continued promotion of a safe, sustainable, and resilient tourism industry are essential to support stakeholder readiness and competitiveness.

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