The Japan-Philippines Economic Partnership Agreement (JPEPA), the first bilateral FTA that the Philippines entered into, aims to facilitate and promote free transborder flow of goods, services, capital, and people between the two countries. This paper explores the use of synthetic control method to understand the effects of JPEPA on Philippine exports. The results reveal that the Philippines benefited from the JPEPA as determined by the difference in the actual exports and the counterfactual exports.
