EU and Philippines Agree on Free Trade Deal
- On Tuesday, European Commission President Ursula von der Leyen and Philippine President Ferdinand Marcos agreed on a free-trade deal, marking a significant step forward in negotiations.
- The Philippines is only the third Association of Southeast Asian Nations member country to conclude a bilateral free trade deal with the European Union, after Singapore and Vietnam.
- Both sides aim to deepen trade and investment ties, offering fair rules and predictability for businesses, farmers, and manufacturers amid global economic volatility.
- Philippine Trade Secretary Cristina Roque and European Commissioner for Trade Maros Sefcovic instructed negotiators to finalize the agreement as soon as possible, targeting formal conclusion in the coming months.
- The European Chamber welcomed the deal as a "historic first" for economic relations, with President Diana Edralin noting the framework establishes a predictable foundation for future global investment.
23 Articles
23 Articles
The EU and the PHILIPPINES have reached a political agreement on a trade deal, Ursula von der Leyen announced. While a substantial agreement has been reached, negotiations on some details, such as public procurement, are still ongoing.
Manila, 22 Sep (EFE).- The European Union (EU) and the Philippines reached a "substantial agreement" on their free trade agreement (FTA) on Tuesday, a "significant milestone," Manila confirmed, in the face of their official signature in 2027 after several years of negotiations.The President of the European Commission, Ursula von der Leyen, [...] The entry The EU and the Philippines conclude their negotiations on a free trade agreement was first …
The EU and the Philippines have agreed in principle on a free trade agreement to strengthen trade and investment and to finalise it in the coming months.
The trade agreement will be formally sealed in the coming months.
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