The Philippines expects negotiations for a free trade agreement (FTA) with the European Union (EU) to conclude next year, as the government seeks to open new markets for its goods and services. Department of Trade and Industry (DTI) Secretary Cristina Roque stated that the FTA with the 27-member...
United States (US) President Donald Trump’s move to reduce the threatened tariffs on Philippine exports by a mere one percentage point (ppt) still positions the country in a favorable light for foreign direct investments (FDIs), according to the Department of Trade and Industry (DTI). Trump said...
South Korean Ambassador to Manila Lee Sang-hwa said that there was a 4,000 percent increase in South Korea’s investment in the Philippines during the first quarter of this year because of the free trade agreement (FTA) that entered into force on Dec. 31, 2024. In a media luncheon on Tuesday,...
The Philippines and the European Union (EU) are seeking to expedite the conclusion of negotiations for a free trade agreement (FTA) amid uncertainties in global trade, with the next round of talks scheduled for October in Manila. Department of Trade and Industry (DTI) Undersecretary Allan Gepty,...
The Philippines’ first free trade agreement (FTA) with a Middle Eastern country is expected to be signed next month with the United Arab Emirates (UAE), which will likely set the stage for more substantial investments from sovereign wealth funds. In a business forum hosted by the Dubai Chamber of...
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...
