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
The Philippines is exploring bilateral free trade agreements with two more countries. The talks are in their early stages and confidential.
The National Federation of Hog Farmers Inc. said it opposes free trade in pork products between the Philippines and the US after the US hog industry expressed interest in expanding its footprint in the Philippines.
The US National Pork Producers Council (NPPC) said that it hopes Washington will conclude a free trade agreement (FTA) with the Philippines, which it views as a priority market.
European Union (EU) Ambassador to the Philippines Franz Jessen on Thursday said he wants to hasten discussion for the free trade deal with the country to improve the economic ties between the EU and the Philippines.
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.