outbrain
Close  

Decision on free-trade group left to Aquino successor

President Aquino said on Tuesday he would leave to his successor the decision as to whether the Philippines would join an Asia-Pacific free-trade arrangement.  AP FILE PHOTO

President Aquino said on Tuesday he would leave to his successor the decision as to whether the Philippines would join an Asia-Pacific free-trade arrangement. AP FILE PHOTO

BEIJING—President Aquino said on Tuesday he would leave to his successor the decision as to whether the Philippines would join an Asia-Pacific free-trade arrangement.

The United States is pushing a Trans-Pacific Partnership (TPP) agreement that will encompass 30 regional economies, not including China.

ADVERTISEMENT

Xi’s ‘Asia-Pacific dream’

China, however, is pushing its own trade liberalization framework called Free Trade Area of the Asia-Pacific (FTAAP) as part of President Xi Jinping’s vision of an “Asia-Pacific dream.”

FEATURED STORIES

President Aquino said while all 21 Apec leaders agreed here to start work on the FTAAP, the studies for it would be concluded toward the end of 2016 when he would have already stepped down from office.

Study

“The bottom line is, I would be out of office by 2016 and I would not want to, you know, like tie the hands of my successor,” he said.

Aquino’s six-year term ends in June 2016.

The President said, however, that the Philippines would study the arrangement and prepare for it.

ADVERTISEMENT
Subscribe to Inquirer Business Newsletter
Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Benigno Aquino III, decision, Free Trade Area of the Asia-Pacific (FTAAP), free-trade arrangement, Trans-Pacific Partnership (TPP) agreement
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.