Department of Trade and Industry (DTI) Secretary Ramon Lopez and European Union (EU) Ambassador to the Philippines Franz Jessen affirmed the long-term partnership of the Philippines and the EU on trade and development upon the completion of the third phase of the EU-Philippine Trade Related Technical Assistance Project 3 (TRTA 3) on 28 March.
"We are committed to support the strengthening of Philippines' integration into the world economy, and to contribute to the country's inclusive growth goals," Ambassador Jessen said, with the EU already committing EUR 6.1 million for a fourth phase of the program.
"By working on trade-related issues through the project, the EU and the Philippines collaborated on strengthening the framework for trade policy for inclusive growth, and enhancing our capacity to implement a competition policy and a national quality infrastructure that would protect consumers and improve compliance with international standards," Sec. Lopez said during the closing ceremonies of the third phase of the EU-Philippine TRTA3.
"This will also help increase our access to international markets, and facilitate cross-border movement of goods," he added.
The trade chief explained that the program worked with both public and private sectors to actively participate in global trade.
"Trade is a lever for economic growth, job creation, and poverty reduction. As ASEAN chair in 2017, the Philippines also recognizes the strong implications of trade for regional cooperation and stability," he said.
Source: InterAksyon
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<p>Time: 2024 By: Ministry of Industry and Trade</p>
