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.
Pakistan’s Ambassador to the Philippines said he would push for the inclusion of Pakistan in the RCEP to boost trade with the Philippines and other members of the Association of Southeast Asian Nations.
The Philippines has formally expressed interest in joining the Trans-Pacific Partnership, with the goal of building new relationships with countries outside its existing bilateral free trade agreements.
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.
The Philippines is starting informal talks with members of a transpacific trade deal as part of the process of indicating interest to join the agreement.
The Philippines, wants to be part of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an FTA signed by 11 Asia-Pacific countries.
In an effort to reduce China’s influence in ASEAN’s third-largest economy, the Modi government is planning to make rapid inroads in the Philippines.
The Philippines would keep working with the European Union (EU) on issues including free trade and investment, President Rodrigo R. Duterte said on Wednesday as he got a visit from the bloc’s ambassador-designate.
A recently signed 15-country trade deal may not significantly benefit the Philippine economy and instead expose its lack of competitiveness in manufacturing, a senior equities research executive for Regis Partners said.
The Philippines and the European Union (EU) are eyeing to hold at least two trade dialogues in 2021, affirming the strong economic partnership of the two parties.
South Korea has expressed intention to step up the pace of the negotiations on the proposed Philippines-Korea Free Trade Agreement (FTA), the Department of Finance (DOF) said in a statement.
The Hungarian government has assured the Philippines of support to continue negotiations for a free trade deal between the Philippines and the European Union (EU).
India and the Philippines have begun negotiations on a bilateral investment agreement as they want to further boost their economic ties.
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.
Southeast Asian countries facing the daunting challenge of kick-starting economic recoveries from COVID-19 are showing little interest in a step that could help — fast-tracking free trade talks with the European Union.
The Philippines and South Korea will resume bilateral free trade negotiations in the second week of September in order to finalize an agreement before the end of the year.
India and the Philippines are set to hold talks on economic aspects in September which can pave the way for a bilateral Free Trade Agreement.
Philippines and Turkey governments are pushing to elevate bilateral economic relations to a more comprehensive free trade agreement.
Trade ministers of the 10-member states of ASEAN and Free Trade Agreement (FTA) Partners (Australia, China, Japan, Korea, and New Zealand) reaffirmed the signing of the RCEP Agreement before end of 2020.
The 15 governments must consider the adverse impact of the mega FTA and put an end to trade agreements such as RCEP as they only increase protection and power of multinational corporations.