Philippine Amb Romualdez optimistic on US FTA talks in semiconductors and critical minerals

The Philippines is optimistic about pursuing a sectoral free trade agreement (FTA) with the United States under President Donald Trump's second term, focusing on critical minerals and semiconductors.

Philippine Ambassador Jose Manuel Romualdez stated during a media briefing that discussions on an FTA were previously halted but now have a good chance of resuming, particularly in sectors like minerals and semiconductors.

Romualdez noted the potential for economic independence through sectoral deals, highlighting booming sectors such as semiconductors and critical minerals in the Philippines.

The ambassador emphasized that the country has been identified as one of Washington's trusted allies to help diversify its semiconductor supply chain away from China, with electronic products remaining Manila's top exports valued at $2.8 billion in December 2024.

Romualdez also highlighted the need for a deal to protect and better price the Philippines' minerals, noting that more than 90% of Philippine nickel exports go to China, which dictates prices.