ISDS Case Map
Philippines
The Philippines is pushing on with negotiations to conclude its FTA with South Korea, but the trade deal’s finalization has been moved to November.
On trade in goods under the FTA, the Philippines will progressively eliminate and reduce customs duties on goods originating from Hong Kong. On trade in services, Hong Kong service providers will enjoy better business opportunities.
The Philippines expressed optimism to conclude in April this year a much improved offer by South Korea in the proposed bilateral free trade agreement (FTA).
Visiting United Kingdom Prime Minister’s Trade Envoy to the Philippines ees strong potential for free trade agreement in the future between the UK and the Philippines.
The Philippines remains open to move forward discussions on possible separate free trade agreements (FTAs) with the United States and the European Union after talks have recently slowed down.
South Korea plans to hold the fifth round of talks with the Philippines on a bilateral free trade agreement this week, with a goal of concluding the deal this year.
The European Union (EU) has prioritized the EU-GSP (Generalized System of Preference) Plus as the platform that will govern its cooperation and trade relationship with the Duterte administration.
The Japan Philippines Economic Partnership Agreement (JPEPA) negatively impacted machinery and mechanical exports even as it benefited Philippine exports overall, according to a study from the Philippine Institute of Development Studies.
The trade deficit of the Philippines has been growing at a “quite alarming” rate, said Board of Investments (BOI) executive director Ma. Corazon Dichosa.
