Philippines to apply for CPTPP membership by June
The Philippines plans to submit its application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) within the first half of 2025.
Trade Secretary Cristina Roque met with Chilean Vice Minister of Trade Claudia Sanhueza on May 15 during an APEC meeting in Jeju, South Korea, to discuss the Philippines' interest in joining the CPTPP.
Roque highlighted that the Philippines aims to submit its formal application 'within the first half of the year,' and the Department of Trade and Industry (DTI) confirmed this schedule on Friday.
The DTI emphasized that joining the CPTPP aligns with the country's broader strategy to enhance global economic integration, widen free trade networks, and open new markets for Philippine goods and services.
The CPTPP is based on the Trans-Pacific Partnership, which was originally championed by the US under former President Barack Obama but abandoned in 2017 by the Trump administration.
After America's withdrawal from the TPP, the remaining 11 countries formed the CPTPP, including Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
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