Agriculture takes priority in JPEPA renegotiations
Manila will renegotiate tariff for bananas, pineapples and other agricultural products from Mindanao under the Japan-Philippines Economic Partnership Agreement (JPEPA) this Friday.
The Department of Trade and Industry (DTI) said Manila’s “request list” for more favorable tariffs includes bananas, pineapples, yakitori chicken, tuna and skipjack, and products from Mindanao.
The DTI noted that Japan has granted tariff cuts and favourable terms to its other trading partners.
Manila intends to ask for no quota and zero duty, except for chicken and pineapples. It will also seek the removal of seasonal tariffs for bananas.
Philippine bananas and pineapples corner 90 percent of the Japanese market.
For its part, Japan is expected to ask that the 20 percent duty on vehicles with an engine displacement of below 3,000 cubic centimeters (3 liters) be brought down to zero.
The JPEPA was signed in 2006 and became effective in 2008. It is reviewed every five years.