EU reaches initial free trade deal with Philippines in pivot to Asia
The pact would remove or cut tariffs on more than 94% of product categories and expand access for businesses, officials said.
- On Tuesday, European Commission President Ursula von der Leyen and Philippine President Ferdinand Marcos agreed on a free-trade deal, marking a significant step forward in negotiations.
- The Philippines is only the third Association of Southeast Asian Nations member country to conclude a bilateral free trade deal with the European Union, after Singapore and Vietnam.
- Both sides aim to deepen trade and investment ties, offering fair rules and predictability for businesses, farmers, and manufacturers amid global economic volatility.
- Philippine Trade Secretary Cristina Roque and European Commissioner for Trade Maros Sefcovic instructed negotiators to finalize the agreement as soon as possible, targeting formal conclusion in the coming months.
- The European Chamber welcomed the deal as a "historic first" for economic relations, with President Diana Edralin noting the framework establishes a predictable foundation for future global investment.
130 Articles
130 Articles
EU Strikes Free Trade Deal With Philippines in Bid to Ease Reliance on Major Powers
European Commission President Ursula von der Leyen delivers a speech at the annual State of the European Union at the European Parliament in Strasbourg, France, on Sept. 16, 2026. (AP Photo/Pascal Bastien, File)
Agricultural associations welcome the announcement for “best access” to the Philippine market for European exports of pigs, birds and liqueurs
Kreiszeitung
EU Trade Commissioner Maroš Šefčovič sees better access for EU companies to a market with 113 million consumers and a tailwind for new trade agreements in the region in the agreement with the Philippines.
The EU moves closer to free trade deal with Philippines amid global tensions - Boston News, Weather, Sports
BRUSSELS (AP) — The European Union and the Philippines have reached substantial agreement on a new free trade deal, the latest bilateral agreement that Brussels is pursuing as it seeks to diversify its economy amid tensions with traditional trading partners including China, Russia and the United States. European Commission President Ursula von der Leyen tweeted Tuesday, ″we just agreed on a free trade deal,″ but EU officials later clarified that…
Coverage Details
Bias Distribution
- 44% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
