Preference erosion of Philippine exports to China, Japan and the Republic of Korea from the regional comprehensive economic partnership

This study provides an assessment of the extent to which preference erosion arising from the Regional Comprehensive Economic Partnership affects the export interests of the Philippines. The Adjusted Preference Erosion is used to determine the Philippine exports threatened by the diminution of previously secured trade advantages within the markets of China, Japan and the Republic of Korea under the “ASEAN + 1” trade agreements. The findings indicate that Philippine exports are vulnerable, with a greater impact at the sectoral level. Policy recommendations are presented to address the adverse effects of preference erosion in the light of sustaining growth and development.