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'Pag-aralan nating mabuti': Marcos Jr says to review RCEP impact on local agri

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Jessica Fenol, ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Workers take advantage of the good weather to harvest and transport palay crops along a highway in Guimba, Nueva Ecija. Some farmers claimed prices of palay dropped to as low as P7 per kilo after the rice tariffication law took effect in March. Sept. 13, 2019. Jonathan Cellona, ABS-CBN News" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2019/business/10/13/harvest.jpg"/><figcaption>Workers take advantage of the good weather to harvest and transport palay crops along a highway in Guimba, Nueva Ecija. Some farmers claimed prices of palay dropped to as low as P7 per kilo after the rice tariffication law took effect in March. Sept. 13, 2019. <em>Jonathan Cellona, ABS-CBN News</em></figcaption></figure></div><p>MANILA - President-elect Ferdinand Marcos Jr on Thursday said the ratification of the country&#x27;s participation in the Regional Comprehensive Economic Partnership (RCEP) should be reexamined to ensure that it won&#x27;t diminish the competitiveness of local farmers and the agriculture sector. </p><p>The Philippines has yet to ratify its participation in the RCEP, which is a free trade deal among the 10 ASEAN members as well as Australia, China, Japan, South Korea and New Zealand.</p><p>The free trade deal will allow more agricultural products from other countries to enter the Philippines with zero tariffs.</p><p>Marcos said that while he supports trade, he still has an issue with RCEP.</p><p>&quot;The only stumbling block there is that it is all very well to trade if you are in a competitive position. I do not know that our agriculture sector is sufficiently robust to take on the competition that the opening of markets will cost,&quot; Marcos Jr said in a briefing.</p><p>&quot;So let&#x27;s have a look at it again and make sure na hindi naman malulugi ang ating agriculture sector...Pagaralan natin ng mabuti, pag kaya ng magsasaka at kaya natin mag compete then ratify natin,&quot; he added.</p><p>(Let&#x27;s make sure that our agriculture sector won&#x27;t lose. Let&#x27;s examine it extensively. If our farmers can compete, then we ratify)</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/04/21/22/rcep-ratification-seen-boosting-ph-recovery">RCEP ratification urged, free trade deal seen boosting PH recovery</a></li>	<li><a href="https://news.abs-cbn.com/business/11/05/19/what-is-the-rcep-trade-deal-and-what-happens-now">What is the RCEP trade deal and what happens now?</a></li>	<li><a href="https://news.abs-cbn.com/business/01/31/22/several-groups-ask-senate-to-halt-rcep-free-trade-deal">Groups ask Senate to junk or defer RCEP free trade deal</a></li></ul><p>The incoming chief executive vowed to &quot;beef up&quot; the agriculture sector and boost food security. He said food supply is critical, especially during times of crisis.</p><p>&quot;We want to have sufficient food supply for the Philippines in case of any crisis, we should really learn our lessons from the pandemic. Pag may crisis na ganyan ramram ng tao kulang ang pagkain,&quot; Marcos Jr said.</p><p>(If there are crisis, the people immediately feel the shortage)</p><p>Stakeholders and several business groups have opposing comments on RCEP. Some have said that the participation in the free trade deal would boost economic growth while some said it would negatively impact the local agricultural sector as well as local farmers. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/02/09/22/bpo-industry-to-benefit-from-rcep-says-adb">ADB says BPO sector to benefit from RCEP but delay to have negative impact</a></li>	<li><a href="https://news.abs-cbn.com/business/09/22/21/philippines-urged-to-sign-rcep-regional-trade-treaty">Philippines urged to quickly sign RCEP treaty or miss out on trade opportunities</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1780051" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Marcos said the ratification of the RECP trade deal should be reexamined to ensure it won't diminish the competitiveness of local farmers and the agriculture sector. 

'Pag-aralan nating mabuti': Marcos Jr says to review RCEP impact on local agri

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'Pag-aralan nating mabuti': Marcos Jr says to review RCEP impact on local agri

Jessica Fenol,

ABS-CBN News

Published May 26, 2022 12:29 PM PHT

Read More:

RCEP

trade

free trade deal

zero tariff

agriculture sector

agri

farmers

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