Senator Imee Marcos on Monday called for the establishment of a technical working group to produce a committee report on the ratification of the Regional Comprehensive Economic Partnership (RCEP).
Marcos, chairperson of the Senate Committee on Foreign Relations, on Monday called on representatives from various stakeholders to submit position papers on the proposed trade agreement, and join the TWG.
“As much as we would like to support you, there are local sectors that need to be addressed and in many cases, compensated,” she added. “I suppose what I’m looking for… is some assurance that we will avoid the freefall in agriculture, MSMEs, and other sectors that occurred in 1994 and thereafter,” she said.
Marcos was referring to the World Trade Organization’s General Agreements on Tariffs and Trade, which was said to impact the local agriculture sector among others.
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