The Philippines signed its first bilateral FTA with Japan in 2006 and is presently party to the ASEAN FTA processes (China, India, Korea, Japan and Australia/New Zealand). The Philippine government has been trying to get Washington to offer an FTA, while those of New Zealand and Chile are apparently in favour of a bilateral deal with Manila. The Philippine government wants to join the TPP, and is engaged in efforts to lay the groundwork for negotiations with the EU for a possible FTA.
last update: May 2012
Photo: Michel Cermak/Twitter
The Philippines’ free trade agreement (FTA) with South Korea is inching closer to formalization with the initial signing of the economic pact seen within the next two weeks.
Philippines and the European Free Trade Association (EFTA) countries have agreed to push for more trade to improve utilization of the free trade agreement (FTA) stressing the FTA as a tool for economic recovery after the pandemic.
The Philippines and United Arab Emirates (UAE) signed an investment promotion and protection agreement (IPPA) on June 9, with the Trade department expressing an interest in tapping Dubai investment in agriculture and energy, among others.
The Philippines and Israel inked the investment promotion and protection agreement that includes investor-state dispute settlement.
Aside from the Philippines’ pending accession to the mega free trade deal RCEP, the government is also strongly pushing for the country’s participation in the CPTPP and the Indo Pacific Economic Framework.
The proposed ASEAN-Canada free trade agreement holds the potential to broaden Philippine goods’ access to North American markets, the Philippine Department of Trade and Industry said.
Philippines’ Department of Trade and Industry targets to conclude the trade and investment agreement with the United Arab Emirates
The Philippines is keen on continuing the US Generalized System of Preferences and having a free trade agreement with the world’s largest economy.
The Philippines and United Arab Emirates are finalizing an investment agreement and will also launch Comprehensive Economic Partnership Agreement (CEPA) discussions.
The Philippines is aiming to sign next month the free trade agreement (FTA) with South Korea, which is expected to contribute to economic recovery efforts from the pandemic.