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Philippines reiterates call for resumption of talks for FTA with EU

01 Mar '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

The Philippine department of trade and industry (DTI) recently again called for resumption of talks for a free trade agreement (FTA) with the European Union (EU) to promote stronger trade and investment ties. Trade secretary Alfredo Pascual met members of the European Parliament sub-committee on human rights and conveyed the country’s interest in signing an FTA.

“With the positive developments in our relations and growing economic performance of the country, these all merit further consideration of elevating Philippine-EU relations through an FTA. DTI proposes, with the Parliament’s support, the continuation of the FTA negotiations, as the FTA will provide a more stable and permanent platform for our trade and investment,” he was quoted as saying by Philippine media reports.

Two rounds of negotiations are already over—the first held in May 2016 and the last in February 2017.

Pascual briefed the visiting EU delegation on domestic economic developments.

ALCHEMPro News Desk (DS)

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