August 1, 2023
1 min read

Philippines, EU revitalise free trade talks

Marcos welcomed resuming negotiations for Philippine-EU free trade…reports Asian Lite News

The Philippines and the European Union (EU) on Monday agreed to revitalise trade and relaunch free trade agreements (FTA) talks.

The two sides forged the new cooperation during a meeting between Philippine President Ferdinand Marcos Jr. and EU Commission President Ursula von der Leyen in Manila, reports Xinhua news agency.

As the first-ever EU Commission president to visit the Southeast Asian country in nearly six decades, von der Leyen said her visit signals accelerating “a new era of cooperation” between the EU and the Philippines, vowing to bring the bilateral trade relations “to the next level”.

For his part, Marcos said in a speech that he discussed with the EU chief “economic relations with particular focus on revitalising trade” between the two regions.

Marcos welcomed resuming negotiations for Philippine-EU free trade, adding that his administration would work with the bloc’s experts to achieve the bilateral FTA, the first round of which took place in 2016 in the Philippines.

Marcos also thanked the EU’s long-term support for his country, particularly on the EU’s recognition of a seafarer certificate issued by the Philippines that will benefit over 50,000 Filipino seafarers working onboard EU-flagged vessels. 

ALSO READ: US investors optimistic as Europe exits recession

Previous Story

India provides humanitarian aid to Ukraine

Next Story

Indian-American fired for speaking in Hindi

Latest from -Top News

Pakistan’s Shadow War in Balochistan

At least 50 killed by Pakistan-backed death squads in Balochistan in April, says HRCB — toll expected to rise in May….reports Asian Lite News The Human Rights Council of Balochistan (HRCB) reported

Russia, Ukraine Resume Talks

The upcoming talks follow a significant hiatus in diplomatic engagement between the two nations, which have been locked in a brutal conflict since Russia’s invasion of Ukraine in February 2022 Russia and

UN Pays Tribute to Indian Soldiers

Thursday was observed as the 77th UN Peacekeepers Day, honouring the work of 61,353 peacekeepers, of whom 5,375 hailed from India….reports Asian Lite News Brigadier Amitabh Jha and Havildar Sanjay Singh, who

Modi’s New Warfare Playbook

Modi has upended the old playbook and India and Pakistan are entering dangerous new territory where nuclear deterrence is no longer a guarantee against conventional conflict…writes Collins Chong Yew Keat The India-Pakistan
Go toTop

Don't Miss

Jaishankar lauds India-EU trade and tech meet

Earlier, Jaishankar met the High Representative of the European Union

EU donates €50mn to WFP for Afghanistan

Since the start of 2022, EU funding has helped WFP