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Philippines Economy News Trade

Philippines Hopes to Start FTA Negotiations with EU

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The Philippines hopes to launch formal free trade agreement negotiations with the European Union (EU) “very soon,” Foreign Affairs Secretary Enrique Manalo says.

The Southeast Asian nation has already been in preliminary talks with the 27-nation bloc. Now it aims to create “greater economic resiliency” by tightening partnerships.

In October 2023, Trade Secretary Alfredo Pascual said the Philippines is nearing the conclusion of initial discussions for a free trade agreement (FTA) with the EU, which is seen to bring greater market access and improved trade with the regional bloc.

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