ISDS Case Map
Philippines
The Indo-Pacific Economic Framework (IPEF) for Prosperity is expected to be fully functional next year, with the trade component of the agreement to be substantially complete by the end of 2024.
The Philippine Senate has ratified a free trade agreement with South Korea. This move will reduce tariffs on various goods between the two countries. The Philippines aims to increase exports of bananas and processed pineapples to South Korea, while South Korean automakers are expected to benefit from reduced tariffs on their products.
The Philippines is seeking to negotiate a free trade agreement (FTA) with Canada, focusing on liberalized trade in semiconductors, electronics, garments, and farm products. The country aims to optimize market access for these products and strengthen the competitiveness of its agricultural exports. The Philippines is also pursuing FTAs with the UAE, EU, and Chile, as well as seeking to join the CPTPP and negotiate other regional trade agreements.
The Tariff Commission is set to conduct a public consultation this week for the planned free trade agreement between the Philippines and the United Arab Emirates (UAE).
The Philippines is expanding its free trade agreements to include Latin American and African countries. Undersecretary Allan Gepty of the Department of Trade and Industry announced plans for potential FTAs with African nations and ongoing studies for an FTA with Chile to broaden engagements in Latin America.
Philippine trade official said that there was “significant progress” made during the second round of negotiations for the planned free trade agreement (FTA) with the United Arab Emirates (UAE), citing both parties are still on track to finish the pact by year-end.
The Philippines and the United Arab Emirates will hold a second round of free trade talks this week, the Department of Trade and Industry (DTI) said, with the aim of concluding negotiations by October or November this year.
During the TIFA meeting, the United States and the Philippines discussed a range of bilateral trade and investment issues, including agriculture, labor, government procurement, intellectual property, environment, automotive safety standards, and supply chains.
The European Union (EU) and the Philippines are eyeing to establish the EU-PH Free Trade Agreement (FTA) before the Marcos administration ends. The Philippines government discussed the status of the formal negotiations for the PH-EU FTA, which will resume in the third quarter of 2024.
Hungary, as the incoming president of the Council of the European Union, will push for the early conclusion of the bloc's free trade agreement talks with the Philippines, its visiting foreign minister said.
