The European Union (EU) is open to accelerating the negotiations for a free trade agreement (FTA) with the Philippines amid global trade uncertainties such as the tariff policy of the United States (US). EU Ambassador to the Philippines Massimo Santoro said on Tuesday, May 13, that the 27-member...
Lower interest rates and closer economic integration in Asia-Pacific would allow the region to attract more capital, according to the Asian Development Bank (ADB). "Global monetary easing could increase capital inflows into the region, bringing with it important macroeconomic and policy...
The Board of Investments (BOI) is looking to strengthen the Philippines’ trade relations with Canada, particularly in the critical minerals sector, as both nations explore the prospect of a potential free trade agreement (FTA). In a statement on Friday, March 7, the BOI said it engaged...
JINAN, China—The Philippine government has pitched for more Chinese investments in the country, citing its advantage for conducting business, including economic growth and reforms as well as rich talent and demographic pool. Manila's trade representative in Beijing, Glenn Penaranda, led a...
President Marcos has ordered the implementation of the Philippine schedule of tariff commitment in compliance with the Free Trade Agreement with South Korea (PH-KR FTA). File photos In Executive Order No. 80, signed by Executive Secretary Lucas Bersamin on Dec. 23, the President cited the need to...
The new year will make yet another significant moment in the Philippines-South Korea relations as the Free Trade Agreement (FTA) between the two countries are set to take effect. The Korean Embassy in Manila on Monday, Dec. 23, announced that the landmark deal between Manila and Seoul "will...
The Board of Investments (BOI) has partnered with South Korean lender Shinhan Bank to attract more foreign investors to the Philippines. The move comes as Manila anticipates the ratification of a Free Trade Agreement (FTA) with South Korea, which is expected to boost economic ties between the two...
Foreign Affairs Secretary Enrique Manalo on Thursday, June 13, urged Hungary to invest in the Philippines, particularly in the fields of agriculture, information and communications technology (ICT), and digital and water technologies. In a bilateral talk with Hungarian Foreign Minister Peter...
A free trade agreement between the Philippines and the United States may not yet be possible in the immediate future. US Senator Chris Coons, who is visiting Manila, said Friday, May 31, it is not because the US government is reluctant to do so, but because of strong opposition coming from...
President Marcos is hoping that the free trade agreement (FTA) between the Philippines and the European Union would be finalized by 2027. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) “We see the FTA as a crucial step in enhancing the trade partnership between the...
President Marcos is expecting that the Philippines and South Korea would ratify their free trade agreement (FTA) this year. Although the FTA has been signed between the two countries, South Korea’s National Assembly is yet to ratify the trade pact. “I think so. I think we will get it done. I...
President Marcos said the Philippines' trade links with South Korea were important and that Manila is seeking to forge an agreement with Seoul to encourage the East Asian country to allow some Filipino products to have duty-free access to its market. President Ferdinand ‘Bongbong’ Marcos Jr....
