our purposes, policies and objectives. In these agreements, the purposes were to (1) open markets by eliminating or reducing barriers to and distortions of trade and creating market opportunities; (2) further strengthening international trading disciplines, (3) foster economic growth in the United States and globally, and (4) promote environmental and worker rights policies in the context of trade. However, a question that is to be raised is the foreign ownership constraint based on the Philippine Constitution. How do we reconcile the specific provisions of the FTA with regards to financial services without violating the Philippine Constitution.
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