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 Department of Trade and Industry (DTI) said the Joint Economic Cooperation (JEC) between the Philippines and Chile will commence this year to strengthen trade and investment ties between the two nations.
The Department of Trade and Industry (DTI) is pushing for a June conclusion to negotiations for a free trade agreement with South Korea, which would give the Philippines sufficient time to complete its domestic approval process before national elections next year.
Philippines and India have agreed to consider forging a bilateral preferential trade agreement to take advantage of the huge untap potential for a strategic partnership in the region.
Philippines and Turkey governments are pushing to elevate bilateral economic relations to a more comprehensive free trade agreement.
The Philippines will pursue separate discussions with Mexico and the US for potential free trade agreements with each these two countries.
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).
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.
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.