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 Philippine Institute for Development Studies (PIDS) has finished a study that will look into potential industries that will benefit from a potential free trade agreement with Europe and recommend a scope of such an agreement.
State-owned think tank Philippine Institute for Development Studies (PIDS) said Free Trade Agreements are only political agreements more than economic.
The government will soon start consultations to identify sectors that stand to gain or lose from a free trade agreement with the European Union (EU), a senior official told reporters on Friday.
The Philippines may start fresh talks with the European Union in the third quarter to iron out a proposed bilateral free trade agreement (FTA), according to the country’s chief trade negotiator.
The United States has assured the Philippines it will not renegotiate sugar access with countries that have concluded free-trade agreements (FTAs) with the United States. Manila had feared that rival exporters would take advantage of Trans-Pacific Partnership (TPP) talks to get a bigger slice of the world sugar market.
The Trade department has started efforts to frame a trade pact between the European Union and the Philippines, a Cabinet official yesterday said.
The Philippines is not ready to commit to negotiations but is still “very serious” about pursing a free trade agreement (FTA) with the European Union, seen as a major export market and investment partner.
The Philippine private sector has failed to maximize the preferential terms in trade agreements with developed economies, thus, placing the country in a low position in global trade with respect to its Asian neighbors.
US Secretary of State Hillary Clinton is visiting the Philippines on Tuesday to initiate the Obama administration’s Partnership for Growth (PFG) program for devising measures to facilitate trade and investments in conflict, poverty and graft stricken countries
The Philippine coconut industry is optimistic that coconut exports are bound to grow further in markets where the Philippines has free trade agreements (FTAs) with, the industry association said.