European Union strikes a new free trade deal with the Philippines
The comprehensive trade pact aims to boost exports, strengthen economic ties, and diversify supply chains for both the European Union and the Philippines.
- On Tuesday, the European Union and the Philippines announced a new free trade agreement, aiming to diversify supply chains as Brussels navigates geopolitical tensions with China, Russia, and the United States.
- EU trade negotiator Maroa Sefcovic and Philippine Trade Secretary Maria Cristina Aldeguer-Roque structured the deal to grow the nearly 30 billion euros in annual trade between the 27-nation EU and the Southeast Asian nation of 115 million people.
- The agreement aligns with the "middle powers" strategy Canadian Prime Minister Mark Carney introduced at the World Economic Forum in Davos, Switzerland, earlier this year to secure stability amid global geopolitical instability.
- Following Vietnam and Singapore, the Philippines became the third ASEAN nation to secure a bilateral deal with the European Union, while negotiations continue with Thailand, Indonesia, and Malaysia to expand economic engagement.
- During her State of the European Union speech last week in Strasbourg, European Commission President Ursula von der Leyen emphasized the need to "reimagine partnerships," framing supply chain resilience as a critical strategic priority for the bloc.
16 Articles
16 Articles
European Union strikes a new free trade deal with the Philippines – WTOP News
BRUSSELS (AP) — The European Union and the Philippines announced a new free trade deal on Tuesday in the latest bilateral agreement struck by Brussels as it seeks to diversify its economy as tensions persist with traditional trading partners including China, Russia and the United States. The EU’s top trade negotiator, Maroš Šefčovič, said that...
European Union Strikes New Free Trade Deal With Philippines
NewsFinale NewsFinale Journal BRUSSELS – The European Union and the Philippines unveiled a new free trade agreement Tuesday, adding to Brussels’ expanding network of bilateral deals as it works to broaden its economic partnerships amid continuing tensions with major trading powers including China, Russia and the United States. EU trade commissioner Maroš Šefčovič said he and Philippine Trade […]
BRUSSELS (ANP) - The EU and the Philippines want to lift trade tariffs on 94 percent of the products they import from each other. This is stated in a provisional outline trade agreement that European Commissioner Maroš Šefčovič and Philippine Trade Minister Maria Cristina Aldeguer-Roque signed on Tuesday...
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