Palace: Bongbong Marcos pushing for Senate ratification of RCEP | Inquirer News

Palace: Bongbong Marcos pushing for Senate ratification of RCEP

By: - Reporter / @DYGalvezINQ
/ 06:26 PM January 25, 2023

FILE PHOTO: President Ferdinand Marcos, Jr. | PHOTO: official facebook page of President Marcos

MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. is pushing for the Senate ratification of the Regional Comprehensive Economic Partnership (RCEP), Malacañang said Wednesday.

The Presidential Communications Office (PCO) said the proposed law is among those being pushed by the Palace “based on the President’s directives.”

ADVERTISEMENT

READ: DTI pins hopes on Senate for RCEP approval in early 2023

Other proposed measures include:

-Maritime Industry Authority (MARINA) Regulatory Functions,

FEATURED STORIES

-Amendment to RA No. 8172 or ASIN Law Amendment,

-Anti-Agricultural Smuggling Act

The RCEP is a free trade pact between all Association of Southeast Asian Nations (Asean) member states and six regional bloc trade partners, including Australia, China, Japan, South Korea and New Zealand.

The free trade agreement provides preferential arrangements, including market access, in all participating countries.

In November last year, Senate President Juan Miguel Zubiri said that no endorsement had been sent to the Senate to discuss the RCEP.

READ: No endorsement sent to Senate to tackle RCEP

Marcos admin priority measures passed by House

The PCO said ten of the 20 priority legislative measures mentioned by the President during his State of the Nation Address have been passed by the House of Representatives and transmitted to the Senate as of January 18.

ADVERTISEMENT

These measures include:

-Tax Package 4: Passive Income and Financial Intermediary Taxation Act (PIFITA)

-Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE) Bill

-Tax Package 3: Real Property Valuation and Assessment Reform Act (HB No. 6558)

-Internet Transaction Act or the E-Commerce Law

– Condonation of Unpaid Amortization and Interests of Loans of Agrarian Reform Beneficiaries

Also among the priority legislation are the creation of the Medical Reserve Corps, the Philippine Centers for Disease Prevention and Control (CDC), the Virology Institute of the Philippines, and an amendment to the Build-Operate-Transfer (BOT) Law.

The remaining 10 SONA priority bills are at the level of the committees in both houses of Congress are:

-Department of Water Resources (DWR)

-E-Government/Governance Act

-Government Rightsizing Program (GRP)

-National Land Use Act

-Budget Modernization

-Natural Gas Industry Enabling Law

-EPIRA (RA 9136) Amendments

-MUP Pension Reform

-National Defense Act

Meanwhile, those certified as urgent were:

-Amendments to Republic Act (RA) No. 11709 (AFP Professionalism)

-Maharlika Investment Fund

-the Mandatory Reserve Officers’ Training Corps (ROTC)

-National Service Training Program

/MUF
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Read Next
Don't miss out on the latest news and information.

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: Bongbong Marcos, RCEP, Senate
For feedback, complaints, or inquiries, contact us.
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.



© Copyright 1997-2023 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.