Philippines
The Philippines and South Korea will resume bilateral free trade negotiations in the second week of September in order to finalize an agreement before the end of the year.
India and the Philippines are set to hold talks on economic aspects in September which can pave the way for a bilateral Free Trade Agreement.
Philippines and Turkey governments are pushing to elevate bilateral economic relations to a more comprehensive free trade agreement.
Trade ministers of the 10-member states of ASEAN and Free Trade Agreement (FTA) Partners (Australia, China, Japan, Korea, and New Zealand) reaffirmed the signing of the RCEP Agreement before end of 2020.
The 15 governments must consider the adverse impact of the mega FTA and put an end to trade agreements such as RCEP as they only increase protection and power of multinational corporations.
The Philippines will pursue separate discussions with Mexico and the US for potential free trade agreements with each these two countries.
German companies on Monday called for the resumption of the negotiations for a free trade agreement (FTA) between the Philippines and the European Union (Euphfta).
The Philippines is pushing on with negotiations to conclude its FTA with South Korea, but the trade deal’s finalization has been moved to November.
On trade in goods under the FTA, the Philippines will progressively eliminate and reduce customs duties on goods originating from Hong Kong. On trade in services, Hong Kong service providers will enjoy better business opportunities.
The Philippines expressed optimism to conclude in April this year a much improved offer by South Korea in the proposed bilateral free trade agreement (FTA).
Visiting United Kingdom Prime Minister’s Trade Envoy to the Philippines ees strong potential for free trade agreement in the future between the UK and the Philippines.
The Philippines remains open to move forward discussions on possible separate free trade agreements (FTAs) with the United States and the European Union after talks have recently slowed down.
South Korea plans to hold the fifth round of talks with the Philippines on a bilateral free trade agreement this week, with a goal of concluding the deal this year.
The European Union (EU) has prioritized the EU-GSP (Generalized System of Preference) Plus as the platform that will govern its cooperation and trade relationship with the Duterte administration.
The Japan Philippines Economic Partnership Agreement (JPEPA) negatively impacted machinery and mechanical exports even as it benefited Philippine exports overall, according to a study from the Philippine Institute of Development Studies.
The trade deficit of the Philippines has been growing at a “quite alarming” rate, said Board of Investments (BOI) executive director Ma. Corazon Dichosa.
The government said it is exploring the possibility of a Free Trade Agreement (FTA) with the United Arab Emirates (UAE).
The Philippines is optimistic that discussions on the proposed bilateral free trade agreement (FTA) with the US could start next year after the US Congress has settled trade issues with Canada and Mexico.
The Philippines’ chief economic manager is still pushing for the massive deal covering Asean and its free-trade partners such as China to sustain fast growth and poverty reduction across the region.
The Philippines and South Korea are aiming to conclude their free trade negotiations by next year in a bid to finally cure the trade and industry imbalances between the two Asian nations.
