The agreement should emphasize technological innovation, research and development (R&D), education, and the integration of emerging technologies in trade, Trade Undersecretary Rafaelita M. Aldaba said.
At a recent briefing, the Department of Trade and Industry (DTI) Undersecretary Alan B. Gepty said the DTI is hoping to finalize a decision on whether negotiations for the FTA will resume in the first quarter.
The Department of Trade and Industry (DTI) of Philippines is pressing for a swift conclusion to the renegotiation of the PJEPA. Concerns include improved market access for Philippine bananas and Japan seeking better market access for its industrial goods.
South Korea is eager to see increased trade and investment with the Philippines, Korean Ambassador to the Philippines said, as he conveyed Seoul’s intention to ratify its recently signed free trade agreement with Manila “soon”.
On December 2, 2023, The Philippine’s DTI Secretary signed the Terms of Reference for negotiations on a CEPA with the UAE, marking the first step towards a proposed bilateral free trade agreement. The TOR provides guidelines for the negotiations and outlines the scope and coverage of the CEPA.
The Department of Trade and Industry (DTI) said that the free trade agreement (FTA) between the European Union (EU) and the Philippines is currently at the “scoping stage,” which is expected to be completed by the end of the year.
To increase trade and facilitate more investment flows, the Philippine and Indian governments are currently in negotiations on a bilateral preferential trade agreement (PTA), that will reduce and eliminate tariffs on various goods.
The Philippines has chosen its negotiators to champion the country’s interests under the trade pillar of the Indo-Pacific Economic Framework for Prosperity (IPEF).
The Philippines is nearing the conclusion of initial discussions for a free trade agreement (FTA) with the European Union, signaling that formal discussions could begin on the bilateral agreement that is seen bringing greater market access and improved trade with the regional bloc.
A push by India and the Philippines to renegotiate their investment agreement is moving slowly. The agreement, which was signed in 2000 and came into force in 2001, expired in 2011. New Delhi has called for the agreement to be terminated and replaced by a new Bilateral Investment Treaty (BIT).
Following the signing last week of the free trade agreement (FTA) with South Korea, the Philippines is readying similar deals with other countries such as the United Arab Emirates (UAE) and the European Union (EU) and through Asean with Canada.
South Korea and the Philippines signed a free trade pact in a move expected to bolster bilateral economic and industry ties, Seoul’s industry ministry said.
The Philippines and the United Arab Emirates are continuing discussions for a free trade agreement, with both sides reaffirming their commitment to bolster trade and investments between the two countries.
The Philippines and the Republic of Korea are aiming to sign the bilateral free trade agreement next month, Department of Trade and Industry Secretary Alfredo Pascual on Monday said.
The EU and the Philippines will shortly kick off a bilateral ‘scoping process’ to assess to which extent they share a mutual understanding on the future FTA.
The Department of Trade and Industry (DTI) said South Korea has declared its readiness to sign a free trade agreement (FTA) with the Philippines, which is still working on domestic approval processes which could take two months.
The scoping discussions for the Philippines-European Union (EU) free trade agreement (FTA) will start next month and are expected to be concluded by the end of the year.
The Philippines expects to begin discussions for a Free Trade Agreement (FTA) with the European Union (EU) this year.
The Philippine and Indian governments have agreed to begin the negotiations on a bilateral preferential trade agreement, which will reduce and eliminate tariffs on various goods.
As the Philippines is nearing the status of an upper-middle income country, which would see it lose preferential treatment in EU trade policy, it is trying to seal trade relations with the EU by means of a free trade agreement with the bloc.