The closing of Sale Transactions is subject to a number of closing conditions which include, among other things, the reinstatement of the cancelled FTAA
is a license agreement issued to a multinational company that will share technology and resources to explore and extract minerals in the Philippines.
Anti-mining protesters have been barricading entry and exit routes to the mine in Barangay Didipio in Kasibu town since the company's FTAA
expired last month and has called on President Duterte to nix the company's application to renew its mining permit on account of alleged massive environmental destruction and human-rights violations committed against the communities.
No new application for an ECC shall be processed and issued in the name of any applicant unless the same applicant shall be the entity or corporation as reflected in an MPSA and/or FTAA
, the memo stated.
Saeed Al Samahi, Director-General of the FTAA
, pointed out that refurbishment of Masafi and Al Bathna forts as well as the fence surrounding them, shall be completed by August.
Representatives from 34 democratic nations pledged on creating the FTAA
and complete negotiations toward this agreement by 2005 (Salazar-Xirinachs and Maryse, 2004).
Unfortunately, things are not looking as good for the FTAA
The prospect of establishing the FTAA
and carrying out the Summit action plans initiated an integration process with economic, political, social, environmental and cultural ramifications, and one that directly concerns parliamentarians in their role as legislators and representatives of the people.
Related to the FTAA
is the Hemispheric Cooperation Program that trade ministers established in 2002 to help ensure that small and developing countries benefit from free trade.
But the mobilization against the Free Trade Area of the Americas (FTAA
) meetings in Miami last November represented something different.
This April, an emergency meeting to resuscitate FTAA
negotiations failed to produce a breakthrough.