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Marcos tasks DTI chief to follow up on PH-EU free trade talks
President Ferdinand "Bongbong" Marcos Jr. has tasked Trade Secretary Alfredo Pascual to follow up on the free trade agreement (FTA) negotiations between the Philippines and the European Union (EU).
Marcos mentioned that both Germany and the Czech Republic have expressed support for the Philippines' bid to resume these talks.
He believes that restarting the negotiations will significantly advance trade relations and foster a stable business environment.
The Philippine government has been engaged in preliminary discussions with the 27-nation EU bloc.
Previous FTA attempts were halted nearly a decade ago due to EU concerns over former President Rodrigo Duterte's drug war policies.
European Commission President Ursula von der Leyen had announced the relaunching of negotiations, with both parties working on setting the "right conditions".
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The Philippines and the European Union have agreed to resume formal negotiations for a Free Trade Agreement (FTA), with the next round of talks eyed for the third quarter of 2024.
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President Ferdinand "Bongbong" Marcos Jr. has returned to Manila after successful state visits to Germany and the Czech Republic, which he said strengthened bonds and created opportunities for cooperation and prosperity.
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President Ferdinand "Bongbong" Marcos Jr. concluded his working visit to Germany, which aimed to strengthen economic and cooperative ties.
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President Ferdinand "Bongbong" Marcos Jr. and Czech Prime Minister Petr Fiala agreed to deepen cooperation between the Philippines and the Czech Republic in various areas, including agriculture, trade and investment, defense and security, labor, space, and technology.
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President Ferdinand Marcos Jr. aims to strengthen cooperation between the Philippines, United States, and Japan, potentially formalizing ongoing joint activities amid rising tensions in the West Philippine Sea.
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