The agreement, if inked, will be the second such US engagement in with an ASEAN-member nation, the first being with Singapore.
The talks are part of US President Donald Trump’s strategy to pursue bilateral rather than multilateral trade agreements to let Washington secure the best possible deal.
The textile and garment industry, now far from its glory days, will have to bank on a possible free trade deal with the United States in a bid to revive its struggling businesses.
Philippine trade negotiator Ceferino S. Rodolfo confirms discussion with US on a possible FTA, says key interest is securing and preserving market access for Filipino exporters
Trump envoy Lighthizer also expects talks with Japan within 30 days.
The Philippines will begin negotiations on a free trade agreement with the United States in September, its ambassador to Washington said.
The US wants to involve the Philippines’ agricultural products such as rice, meat and poultry and intellectual property rights. Washington also wants the Philippines to have an open and competitive market for electronic payment (e-payment) services.
The Republic of Korea (RoK) and the Philippines have agreed to further expand economic cooperation and work together for an early conclusion of the Regional Comprehensive Economic Partnership (RCEP).
The US has said it looks forward to resolving outstanding issues with the Philippines and exploring the best method in which to strengthen and expand trade relations between the two countries.
Despite serious concerns on copyright piracy, the EU has raised the Philippines’ standing from “bad” to “better” in the area of protection and enforcement of intellectual property rights.
The US Trade Representative (USTR) has looked that having a free trade agreement with the Philippines is a reasonable first step in their strategy in the Asia Pacific region.
Trade Justice Pilipinas is alarmed over reports that the European Union is wavering on its commitment to protect and promote human rights in the context of its long-term strategic partnership with the Philippines.
Voting 19-0, the Senate on Monday, March 5, concurred in the ratification of the free trade agreement (FTA) between the Philippines and the European Free Trade Association (EFTA) states, composed of Iceland, Liechtenstein, Norway, and Switzerland.
Move seen as part of President Duterte’s push for an independent foreign policy.
The Philippines is demanding its fellow negotiating-countries in the Regional Comprehensive Economic Partnership (RCEP) to seriously commit to a speedy conclusion of their trade deal, as the latest round of talks still failed to progress beyond trade in goods modalities.
Manila will continue to focus its efforts to concluding the Regional Comprehensive Economic Partnership (RCEP) despite the breakthrough made by the 11 remaining negotiating countries in the Trans-Pacific Partnership (TPP).
Philippines’s Department of Trade and Industry (DTI) is conducting internal studies and consultations on a possible free trade agreement with US. Philippines also hopes a substantial conclusion of the Regional Comprehensive Economic Partnership (RCEP) and a renegotiation with Japan.
President Rodrigo Roa Duterte has submitted to the Senate for concurrence his ratification of the Free Trade Agreement between the Philippines and four of the world’s wealthiest states under EFTA (European Free Trade Association).
Japan, Indonesia, Vietnam, the Philippines in the Pacific region are among the countries in the list to start a dialogue on Preferential Trade Agreement (PTA) which will pave the way towards FTA for promoting trade liberalization.
Taiwan and the Philippines sign a new bilateral investment agreement in Makati.