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 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 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.
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.