The Department of Trade and Industry (DTI) is hoping that the European Chamber of Commerce of the Philippines (ECCP), along with European companies, will assist in pushing for the resumption of the Philippines-PH-EU FTA negotiations. Know more:
The Department of Trade and Industry is hoping that the European Chamber of Commerce of the Philippines , along with European companies, will assist in pushing for the resumption of the Philippines-European Union Free Trade Agreement negotiations.
The trade chief highlighted that as the Philippines implements existing FTAs and concludes new agreements, products from Europe will be competitively disadvantaged as they enter the Philippine market. Pascual also noted that the “timely conclusion” of the PH-EU FTA negotiations would further expand the scope of market access for goods, services, and investments.
“We see a lot of efforts with the China plus-one policy here with the geostrategic way of going forward and we do see a lot of chances here for the Philippine companies to have a boost also from companies from Europe, not only from Germany, looking a bit over the edge of China to invest in the future and we are here to help,” Christopher Zimmer, Executive Director of GPCCI, told reporters on the sidelines of the Philippine Outlook 2023 last month.
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