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Philippines- Netherlands Trade Relations
Transcript of Philippines- Netherlands Trade Relations
Principles of Trading
The Netherlands and Philippines have shared major trading partnership back to when the Philippines was a Spanish colony.
Dutch people tried to invade Philippines
In 1646, a series of five naval actions known as the Battles of La Naval de Manila was fought between the forces of Spain and the Dutch Republic, as part of the Eighty Years' War.
Dutch failed to conquer Philippines to the Spaniards but the trade relationship with Netherlands still continued.
Principles of Trading
A treaty was made. Done at Manila, on 09 March 1989
Applicable on: 1 January 1992
I. What is the Anti-Dumping Act of 1999?
Republic Act No. 8752, otherwise known as the “Anti-Dumping Act of 1999”, which amended Section 301 of the Tariff and Customs Code of the Philippines, provides protection to a domestic industry which is being injured, or is likely to be injured by the dumping of products imported into or sold in the Philippines.
R.A. 8752 was signed on August 12, 1999 and took effect on September 4, 1999.
II. Rationale for the passage of the new anti-dumping law?
• To transform the domestic anti-dumping law into a more workable and simple piece of
legislation providing the safety nets against the inflow of cheap dumped imports.
• To strengthen the rules governing the investigation of anti-dumping cases; and
• To align the domestic law with the WTO Agreement on Anti-Dumping Practices.
The following government agencies are tasked to administer anti-dumping action:
• Department of Trade and Industry-Bureau of Import Services (DTI-BIS), in the case of industrial goods or Department of Agriculture (DA)
• Tariff Commission (TC)
• Bureau of Customs (BOC)
The Netherlands has a developed economy and has been playing a special role in the European economy for many centuries. Since the 16th century, shipping, fishing, trade, and banking have been leading sectors of the Dutch economy. The Netherlands is one of the world's 10 leading exporting countries.
The Netherlands has the 17th-largest economy in the world, and ranks 10th in GDP (nominal) per capita. Between 1997 and 2000 annual economic growth (GDP) averaged nearly 4%, well above the European average. Growth slowed considerably from 2001 to 2005 with the global economic slowdown, but accelerated to 4.1% in the third quarter of 2007. In May 2013, inflation was at 2.8% per year. In April 2013, unemployment was at 8.2% (or 6.7% following the ILO definition) of the labour force.
The Dutch location gives it prime access to markets in the UK and Germany, with the port of Rotterdam being the largest port in Europe. Other important parts of the economy are international trade (Dutch colonialism started with co-operative private enterprises such as the VOC), banking and transport. The Netherlands successfully addressed the issue of public finances and stagnating job growth long before its European partners. Amsterdam is the 5th-busiest tourist destination in Europe with more than 4.2 million international visitors. Since the enlargement of the EU large numbers of migrant workers have arrived in the Netherlands from central and eastern Europe.