TRADE

AGREEMENTS
De Guia │ Diosana │ Navarro
│ Rafanan │ Ramos │ Torio
URUGUAY
ROUND
AGREEMENT
HISTORY
• started in November 1982 at a
Ministerial Meeting of General
Agreement in Tariffs and Trade
(GATT) for a negotiation covering
trade policy issues which includes
trading system, trade in services,
intellectual property and
reformation of trade in the
sensitive sectors of agriculture
and textileS
• The Uruguay round caused the
birth of World Trade Organization
(WTO) as an international
organization
• replaced GATT is now the international
organization dealing with the rules of trade
between nations.

• It operates a global system of trade rules, it

acts as a forum for negotiating trade
agreements, it settles trade disputes between
its members and it supports the needs of
developing countries.
TRADE
AGREEMENT
 MULTILATERAL TREATIES

I. ASEAN Free Trade Area (AFTA)

Trade Parties: Brunei, Indonesia, Malaysia,

Philippines, Singapore and Thailand; Cambodia,
Laos, Myanmar and Vietnam

Effectivity: January 28, 1992

 II. ASEAN TRADE IN GOODS
AGREEMENT (ATIGA)
• Trade Parties: Brunei, Cambodia, Indonesia,
Lao PDR, Malaysia, Myanmar, Philippines,
Singapore, Thailand and the Vietnam

• Effectivity: May 17, 2010

III. ASEAN-Australia-
New Zealand Free
Trade Area
(AANZFTA)

Trade Parties: Brunei,

Cambodia, Indonesia, Lao,
Malaysia, Myanmar,
Philippines, Singapore,
Thailand and Vietnam,
Australia, New Zealand

Effectivity: February 27, 2009

IV. ASIA-PACIFIC
TRADE AGREEMENT
(APTA)
• Trade Parties:
Bangladesh, China,
Lao, South Korea, Sri
Lanka, India,
Philippines, Cambodia

• Effectivity: July 31, 1975

V. COMPREHENSIVE AND
PROGRESSIVE AGREEMENT
FOR TRANS-PACIFIC
PARTNERSHIP (CPTPP)

• Trade Parties: Canada,

Australia, Brunei, Chile,
Japan, Malaysia,
Mexico, New Zealand,
Peru, Singapore and
Vietnam

• Effectivity: December
30, 2018
UNILATERAL
TRADE
AGREEMENT
GENERALIZED
SYSTEM OF
PREFERENCES (GSP)

• Effectivity:
January 1, 1976, by
the Trade Act of 1974.
BILATERAL
AGREEMENT
• A free trade agreement between two of the
world's largest economies.
• They are the United States, which produced
$19.4 trillion in 2017, and the European Union,
which produced $19.9 trillion.
• The two economies generate almost a third of
the world's gross domestic product of $127
trillion.
 2. US-BAHRAIN FREE TRADE
AGREEMENT
• Entered into force on January 11, 2006,
generates export opportunities for the
United States, creating jobs for U.S.
farmers and workers.
• The agreement also supports Bahrain’s
economic and political reforms and
enhances commercial relations with an
economic leader in the Arabian Gulf.
 US-KOREA (KORUS) FTA
• Entered into force in March 2012.

• The trade agreement involves an

estimated 362 million consumers in the
United States and the Republic of
Korea. The treaty's provisions eliminate
95% of each nation's tariffs on goods
within five years, and create new
protections for multinational financial
services and other firms
 PHILIPPINE-JAPAN ECONOMIC
PARTNERSHIP AGREEMENT (PJEPA)
• It was ratified by the Philippine senate
and was implemented starting
December 11, 2008.
• The agreement has chapters on,
among others, Trade in Goods, Trade In
Services, Investments, Movement of
Natural Persons, Intellectual Property,
Customs Procedures, Government
Procurement and Improvement of the
Business Environment.
PHILIPPINES-EUROPEAN FREE TRADE ASSOCIATION FREE
TRADE AGREEMENT (PH-EFTA-FTA)
• The Philippines-European
Free Trade Association Free
Trade Agreement (PH-EFTA
FTA) is the second bilateral
agreement the Philippines
has entered into (after the
PJEPA).
• The Agreement with the
EFTA States (Iceland,
Liechtenstein, Norway and
Switzerland) was signed in
Bern, Switzerland on April 28,
2016.
• Date of Full Implementation:
2027