ISDS Case Map
Philippines
The Department of Trade and Industry (DTI) said South Korea has declared its readiness to sign a free trade agreement (FTA) with the Philippines, which is still working on domestic approval processes which could take two months.
The scoping discussions for the Philippines-European Union (EU) free trade agreement (FTA) will start next month and are expected to be concluded by the end of the year.
The Philippines expects to begin discussions for a Free Trade Agreement (FTA) with the European Union (EU) this year.
The Philippine and Indian governments have agreed to begin the negotiations on a bilateral preferential trade agreement, which will reduce and eliminate tariffs on various goods.
As the Philippines is nearing the status of an upper-middle income country, which would see it lose preferential treatment in EU trade policy, it is trying to seal trade relations with the EU by means of a free trade agreement with the bloc.
The signing of a free trade agreement (FTA) between the Philippines and South Korea is still feasible this year, according to Trade Secretary Alfredo Pascual.
Trade Secretary Alfredo Pascual will be in Brussels this month to continue talks on the Philippines' trade with the European Union and the country's bid to have a free trade deal with the EU.
The Philippines is pursuing the resumption of free trade negotiations with the European Union (EU) to secure additional duty-free market access, and provide a conducive framework for attracting more significant investments from the EU.
The Philippines is eyeing a free trade deal with the United States while waiting for the renewal of its eligibility to the US GSP (Generalized System of Preferences) program which expired in 2020, a trade official said.
The RCEP will likely take effect for the Philippines around June, a Trade official said. This as the Department of Trade and Industry (DTI) aims to deposit the instrument of ratification for the Philippines’ participation in the mega-trade deal by April 3.
