Josef T. Yap, Erlinda M. Medalla, and Rafaelita M. Aldaba Potential gains and opportunities Philippine Institute for Development Studies Building on these current trade and investment ties, JPEPA will further bolster the existing close links and deepen the cooperation between the two countries. The JPEPA rests on three key pil- lars: (i) liberalization, (ii) facilitation, and (iii) cooperation. Surian sa mga Pag-aaral Pangkaunlaran ng Pilipinas