Amended Public Service Act could boost FTA moves for US, PHL | Andrea E. San Juan

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Amended Public Service Act could boost FTA moves for US, PHL | Andrea E. San Juan
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The amendments to the eight-decade-old Public Service Act (PSA) could boost efforts of Manila and Washington to forge a free trade agreement (FTA), according to a nongovernment organization.

THE amendments to the eight-decade-old Public Service Act could boost efforts of Manila and Washington to forge a free trade agreement , according to a nongovernment organization.

The senior fellow emphasized that the Philippines entering into the said economic framework is “perfect timing” given that the country is currently the only member of Association of Southeast Asian Nations “that agrees to the APEC standards on digital privacy, so it’s closest to the US and Japan on that issue.”

Earlier this year, former Trade Secretary Ramon M. Lopez said the enactment of the amended PSA could lead to over $100-billion investments in telecommunication, transportation and logistics in the next two years.

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