We’ve just announced the resumption of negotiations for an ambitious, modern, and balanced free trade agreement with the Philippines.

The EU and the Philippines already have well-established trade relations, with clear potential for an even closer relationship:

• Trade in goods was worth over €18.4 billion in 2022
• Trade in services was worth €4.7 billion in 2021
• The EU is the Philippines’ 4th largest trade partner
• The Philippines is the EU’s 7th most important trading partner in the region
• The Philippines is among the fastest-growing emerging economies in the world.

Trade agreements open new opportunities for businesses and consumers, strengthening supply chains and promoting sustainable trade practices. We are now in a position to get the trade talks ball rolling once again!