ISDS Case Map
Philippines
US President Joe Biden has announced a new economic framework deal for Asia-Pacific designed to boost investment in clean energy infrastructure, drive decarbonisation efforts and strengthen regional supply chains.
Aside from the Philippines’ pending accession to the mega free trade deal RCEP, the government is also strongly pushing for the country’s participation in the CPTPP and the Indo Pacific Economic Framework.
After the graduation to a developing nation, Bangladesh may take the initiative for holding discussions with ASEAN countries to sign free trade agreement, Philippine Ambassador said.
The Department of Trade and Industry (DTI) remains hopeful that the Senate will concur with the Regional Comprehensive Economic Partnership (RCEP), the Asean-led free trade deal with its five free trade partners, this month.
The proposed ASEAN-Canada free trade agreement holds the potential to broaden Philippine goods’ access to North American markets, the Philippine Department of Trade and Industry said.
The Department of Trade and Industry (DTI) said the conclusion of negotiations with Canada for a free trade agreement (FTA) with the Association of Southeast Asian Nations (ASEAN) is expected to come some time after the Duterte administration steps down on June 30.
Philippines' Department of Trade and Industry targets to conclude the trade and investment agreement with the United Arab Emirates
The Philippines is keen on continuing the US Generalized System of Preferences and having a free trade agreement with the world’s largest economy.
After New Zealand notified it would not recognize Myanmar’s “instrument of ratification” of the RCEP because it opposes its military-led government, the Philippines will reject Myanmar's instrument of ratification as well.
The Philippines and United Arab Emirates are finalizing an investment agreement and will also launch Comprehensive Economic Partnership Agreement (CEPA) discussions.
