Japanese Jhilippines Case Study

Antonio, Edzel S.

IS7A – SSR Prof. Hyatt

Chapter I

Economic Impact of Japan-Philippines Economic Partnership Agreement to the Philippines

Introduction

Since time immemorial, the Philippines and Japan’s relation have been established to a certain extent. Japan-Philippines relations had started since the time of the late Muromachi Period of Japanese history, as Japanese merchants and traders had settled in Luzon even before the Spanish Colonization.

When the Philippines was granted independence by the United States in 1946, and was a signatory to the 1951 San Francisco Peace Treaty with Japan. Diplomatic relations were re-established in 1956, when a war reparations agreement was concluded. By the end of the 1950s, Japanese companies

The treaty contains 16 agreements that harmonize the rules and procedures of both countries in the following: trade in goods and services, rules of origin, customs procedures, paperless trading, mutual recognition, investments, movement of natural persons, intellectual property rights, government procurement, competition, improvement of business environment, cooperation and dispute avoidance and settlement.(Glipo)3 Through the negotiations conducted by the two countries, both sides have reached agreements in principle on major elements of the