The Trade-Related Assistance for Development (TRADE) project is a five-year, Php524.8 million ($12.8 million) initiative directed toward improving the Philippines’ global standing in the international economy through higher levels of trade and foreign direct investment. Through this project, the USAID will support activities that enhance the policy and institutional environment for trade and investment, improve trade facilitation, strengthen the business environment for competition, and support advocacy and outreach activities that advance trade policy agenda.
TRADE is a USAID/Philippines project under the Partnership for Growth (PFG), a White House initiative. The PFG represents a partnership between the Philippines and the United States to promote broad-based and inclusive growth. The U.S. Government is working with the Government of the Philippines, the private sector and civil society organization to help put the Philippines on an accelerated growth trajectory that benefits the majority of its population.
Technical assistance provided under the TRADE Project will focus on identifying and addressing:
- Policy reform to implement binding contracts under the ASEAN (Association of Southeast Asian Nations)
- Economic Community Blueprint, advance the country’s eligibility in Trans-Pacific Partnership, and meets its World Trade Organization obligations;
- Trade analysis and strategy formulation of proposed adjustment measures and reforms; and
- Gaps in institutional and administrative capacity of the government and other major stakeholders in undertaking trade-enabling measures.
TRADE supports regulatory, legal and policy reforms that enable the Philippines to meet and implement contractual agreements under various trade arrangements, while strengthening the government’s capacity and institutional environment to meet internationally accepted standards.
TRADE will seek improvements in areas such as trade in goods, services trade, investment, intellectual property rights, standards conformance, government procurement, competition policy and other relevant features of a free trade agreement – building a business-friendly trade environment and facilitating growth.
To improve the Philippines’ global standing in the international economy through higher levels of trade and foreign direct investment.
- Promote greater integration of the domestic economy with the global economy
- Ensure that national trade regimes conform to international standard
Last updated: September 21, 2015