ISDS Case Map
Philippines
The Philippines has formally expressed interest in joining the Trans-Pacific Partnership, with the goal of building new relationships with countries outside its existing bilateral free trade agreements.
The Department of Trade and Industry (DTI) is pushing for a June conclusion to negotiations for a free trade agreement with South Korea, which would give the Philippines sufficient time to complete its domestic approval process before national elections next year.
The Philippines is starting informal talks with members of a transpacific trade deal as part of the process of indicating interest to join the agreement.
The Philippines, wants to be part of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an FTA signed by 11 Asia-Pacific countries.
In an effort to reduce China’s influence in ASEAN’s third-largest economy, the Modi government is planning to make rapid inroads in the Philippines.
The Philippines would keep working with the European Union (EU) on issues including free trade and investment, President Rodrigo R. Duterte said on Wednesday as he got a visit from the bloc’s ambassador-designate.
A recently signed 15-country trade deal may not significantly benefit the Philippine economy and instead expose its lack of competitiveness in manufacturing, a senior equities research executive for Regis Partners said.
The Philippines and the European Union (EU) are eyeing to hold at least two trade dialogues in 2021, affirming the strong economic partnership of the two parties.
South Korea has expressed intention to step up the pace of the negotiations on the proposed Philippines-Korea Free Trade Agreement (FTA), the Department of Finance (DOF) said in a statement.
The Hungarian government has assured the Philippines of support to continue negotiations for a free trade deal between the Philippines and the European Union (EU).
