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Marcos Jr., Chile's Boric agree to finalize free trade deal
The Philippines and Chile are on track to sign an economic partnership agreement by the end of 2025.
President Ferdinand Marcos Jr. and Chilean President Gabriel Boric met on the sidelines of the APEC Economic Leaders' Meeting to push for the finalization of the Philippines-Chile Comprehensive Economic Partnership Agreement (CEPA).
This agreement will mark the Philippines' first economic partnership with a Latin American country.
The third round of negotiations for the CEPA was hosted by Manila in October.
Marcos also highlighted the shared heritage and cultural affinity between the two nations as a foundation for closer relations, despite geographical distance.
Both leaders expressed support for increased multilateralism through organizations like APEC and ASEAN.
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