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The official website of the Philippine Competition Commission states that a stable, fair playing field is expected to result in greater interest among foreign investors, which in turn would lead to an expansion of the market, and opening global opportunities for companies in the Philippines, big or small.
Fair trade, by this definition, is a trading partnership based on dialogue, transparency and respect, that seeks greater equity in international trade. Fair trade organizations, backed by consumers, support producers, raise awareness and campaign for changes in the rules and practice of conventional international trade. [3]
The Philippine Competition Act, officially designated as Republic Act No. 10667, is a Philippine law that was signed into law by President Benigno Aquino III on July 21, 2015, and established the quasi-judicial Philippine Competition Commission to enforce the act.
The fair-trade system is inefficient at transferring coffee consumers’ goodwill to producers. Direct trade is probably more efficient and sustainable than fair trade. Artificially stimulating more coffee production keeps coffee growers poor, because overproduction makes the prices fall on the world markets.
As required by the Bell Trade Act, a plebiscite was held in the Philippines to amend the Philippine Constitution to provide for "parity rights" between American and Philippine citizens. Prior to the plebiscite, the Constitutional amendment had to be approved by the Philippine Congress, which required a 3/4 vote by the Philippine House and ...
[69] [70] On 21 November 2016, in a video message, Trump introduced an economic strategy of "putting America first", stating that he would negotiate "fair, bilateral trade deals that bring jobs and industry back onto American shores." As part of this plan, Trump confirmed his intent for the United States to withdraw from the Trans-Pacific ...
The United States would have access to public utilities and other facilities under the same conditions as the Philippine armed forces (Article 7) The Philippines would seek US approval before granting base rights to third nations (Article 25) However, there were two instances that even Roxas "felt politically unable to accept the U.S. position ...
The United States was consistently ranked as one of the Philippines' favorite nations in the world—90% of Filipinos viewed the U.S. and 91% viewed Americans favorably in 2002; [4] [5] 90% viewed U.S. influence positively in 2011; [6] 85% viewed the U.S. and Americans favorably in 2013; [7] 92% viewed the U.S. favorably in 2015; [8] and 94% ...