Philippines Could Be Next To Join TPP

As President Barack Obama ended his week-long tour of Asia in the Philippines on Tuesday, the country’s Secretary of Trade & Industry told CNBC that the Philippines is eager to join the TPP.

Following Obama’s talk with Filipino President Beningo Aquino, headlines focused on a military pact announced on Monday. The pact will grant a larger presence for U.S. forces, boosting the Philippines’ maritime security; though it was stressed the pact was not aimed at countering China’s military strength.

However, Gregory Domingo, Secretary of Trade & Industry for the Philippines, told CNBC that trade was another a key topic of conversation, noting discussions about the country joining the Trans Pacific Partnership (TPP) had progressed.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza