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US not keen on PHL free trade deal
The United States government has ruled out the possibility of a bilateral free trade agreement (FTA) with the Philippines, as the Biden administration prioritizes its Indo-Pacific Economic Framework (IPEF).
US Trade Representative Ambassador Katherine Tai stated that a "traditional" FTA is not being pursued due to the focus on addressing current challenges and opportunities.
Tai explained that traditional FTAs primarily aim to maximize liberalization, which can lead to vulnerabilities in supply chains.
The US is instead seeking to build more resilient supply chains and promote sustainable and inclusive trade patterns.
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