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
A wide-ranging meeting held November 29 between trade representatives of the Philippines and the United States covered economic issues including a bilateral free trade agreement.
As the world financial crisis persists, developed countries like the United States and China are taking increasingly protectionist stances while they are also aggressively pursuing further liberalization of less developed countries.
Manila is sending a mission to Washington later this month to begin preliminary talks on the US-Philippines free-trade agreement.
The United States will consider a possible free trade agreement with the Philippines, a Cabinet official said.
American businessmen are asking Manila and Washington to include a discussion on a “21st century free-trade agreement” (FTA) in the anticipated meeting between US President Donald J. Trump and President Duterte in Manila in November.
The Philippines is looking to take its bilateral relations with the US a notch higher as it eyes to secure a free trade agreement (FTA) with the world’s largest economy.
Swiss Ambassador Andrea Reichlin has urged the Philippines to ratify the free trade agreement (FTA) with European Free Trade Association (EFTA) in order for the deal to become enforceable.
"We’re comfortable and happy with the generalized system of preferences. If ever there are initiatives to work on an FTA, we’ll be open to that, but we won’t be bringing it up," says Philippines Trade Secretary.
Asean where the Philippines is part mulls free trade agreements with Canada, the United Kingdom, Russia, the European Union as well as the Eurasian Economic Union.
With the United States looking to drop the Trans Pacific Partnership trade scheme, US Ambassador to the Philippines Sung Kim said Washington will be leaning towards bilateral free trade agreements.