The Philippines is working to conclude negotiations for its free trade agreement (FTA) with Chile this year, following a successful first round of talks. Department of Trade and Industry (DTI) Undersecretary Allan Gepty said that after a productive round of negotiations, both countries are now on...
The country’s leading business groups commended President Marcos for his stance against corruption during his recent State of the Nation Address (SONA), while noting that his words must be backed by strong reforms. In a statement, the Federation of Filipino Chinese Chambers of Commerce and...
The Philippines is exploring a free trade agreement (FTA) with Israel in a bid to expand both countries’ trade relationship, currently valued at over $400 million, according to the Department of Trade and Industry (DTI). DTI Secretary Cristina Roque announced at the conclusion of the first...
The Department of Agriculture (DA) will expand the government’s ₱20-per-kilo rice program to include farmers of the staple beginning next month, expanding access to cheaper rice for one of the country’s poorest sectors. Agriculture Secretary Francisco Tiu Laurel said the government will...
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...
The Philippine government remains optimistic about a potential reduction in the tariffs threatened by the United States (US) against the country’s imports, although it will no longer offer additional concessions, according to Department of Trade and Industry (DTI) Secretary Cristina Roque. Roque...
The Philippine Chamber of Commerce and Industry (PCCI) said the minimal cut in tariffs imposed by the United States (US) on the Philippines should prompt the government to address other trade barriers, ensuring the resiliency of local industries amid headwinds. The PCCI said the US’ move to...
The Department of Trade and Industry (DTI) stated that prices of basic necessities and prime commodities remain stable despite the onslaught of three successive tropical storms and the southwest monsoon. In a statement on Thursday, July 24, DTI Secretary Cristina Roque said the agency has...
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...
The Philippine Chamber of Commerce and Industry (PCCI) is seeking the endorsement of President Marcos for 20 legislative measures that cover digital transformation, trade reforms, and regulatory modernization, aiming to promote inclusive economic growth. In a statement, PCCI President Enunina...
Department of Trade and Industry (DTI) Secretary Cristina Roque dismissed a document circulating on social media as fake that allegedly outlined the Philippines’ concessions to secure a trade agreement with the United States (US). “I want to inform the general public that I did not issue such...
The World Bank considers liberalized rice trade as a boost to the Philippine agriculture sector, even as the Marcos Jr. administration is moving to reinstate the National Food Authority’s (NFA) old regulatory powers. “Strategic shifts are underway to reinvigorate transformation of the...
