ISDS Case Map
Philippines
The European Union (EU) and the Philippines will resume free trade agreement (FTA) negotiations in Manila next month, following an initial round in October 2024. Negotiations, paused in 2017 due to EU concerns over human rights, are targeted for completion by 2026.
The Philippine Bureau of Customs (BOC) and Tariff Commission (TC) have subsequently released implementing guidelines and updated their online tariff finder to reflect the new tariff schedules. Executive Order No. 80 formalizes the Philippines' tariff commitments under the FTA, subjecting listed goods from South Korea to the specified import duties upon entry.
The first round of negotiations for a free trade agreement between the Philippines and Chile has been set for March 2025.
The Philippine-Korea Free Trade Agreement is expected to deliver some $189 million in tariff savings for banana exporters within its first five years as the trade deal comes into force, the Board of Investments said.
The Philippine government has approving a free trade agreement with South Korea, a major irrigation project in the northern Philippines, and an accelerated bridge construction program nationwide.
Japan is aiming to upgrade their existing trade agreement to include provisions on digital trade, sustainable development, and supply chain resilience. The Philippines seeks to bolster its exports, particularly in electronics and semiconductors, and attract more Japanese investment. Both countries are also exploring opportunities in agriculture and food security.
Peru is close to signing new free trade agreements with countries on various continents around the world.
European companies support the resumption of negotiations for the EU-Philippines free trade agreement with 85 percent of survey respondents viewing it as critical to their business strategies.
The Philippines and Chile will launch negotiations on a possible Comprehensive Economic Partnership Agreement (CEPA).
Canada and the Philippines have initiated exploratory talks for a potential free trade agreement (FTA), aiming to boost bilateral trade currently valued at $1.49 billion. The first round of negotiations is set for the first half of 2025. This move aligns with the Philippines' broader strategy of expanding its trade network through FTAs with countries like the United Arab Emirates and Chile.
