LATEST PUBLICATIONS
PB2020-06
Legislating Fiscal Responsibility
CN2020-01
NAVIGATING THE HEADWINDS TO SUSTAIN ECONOMIC GROWTH 2019 ECONOMIC PERFORMANCE AND 2020 ECONOMIC PROSPECTS
PB2020-05
A RISK ASSESSMENT ON THE COVID-19 SITUATION IN THE PHILIPPINES: IMPLICATIONS ON THE ECQ POLICY
PB2020-04
FIGHTING COVID-19: CONCEPTUAL CONSIDERATIONS FOR SHORT-RUN POLICY RESPONSE
Publication Detail
DP 2017-40: Regulatory Measures Affecting Services Trade and Investment: Distribution, Multimodal Transport, and Logistics Services

Barriers to trade and investment stifle economic expansion. The impacts are most profound when they are applied to the services sector given its role as "the glue that binds all sectors together". This report examines the various regulatory requirements and legal obstacles that limit or discourage trade and investment in the services sector. It also assesses consistency with core obligations in new generation free trade agreements. In distribution, multimodal transport and logistics (DML) services, restrictions in the form of foreign ownership limitations, and other discriminatory measures are prevalent. In addition to the formal restrictions, burdensome requirements and inconsistent application of regulations lead to higher transactions cost. In other cases, it is the lack of regulation or weak enforcement that adds to the risks of doing business in the Philippines. To foster the development of DML services in the Philippines, barriers to trade and investment must be reduced. Improving regulatory governance, ensuring policy coherence, and strengthening policy coordination are also necessary to facilitate integration and the seamless supply of these services that are vital to the continued growth of the goods sector of the economy.

Philippine Institute for Development Studies
Authors Keywords
Barcenas, Lai-Lynn A.B.; Reyes, Glenda T.; Tongzon, Jose L.; Serafica, Ramonette B.; Philippines; investment; services; trade; distribution; transportation; multimodal; logistics; regulations; barriers;
Download PDF Number of Downloads
Published in 2017 and available in the PIDS Library or can be downloaded as full text Downloaded 583 times since December 18, 2017