The Philippines must enter into a free trade agreement with the EU within a two-year window or become the last of three major markets in Southeast Asia deemed priorities by the EU, according to the European Chamber of Commerce of the Philippines. READ:
in a video call. “I believe in order for the EU to succeed here in the Philippines, and for the Philippines to succeed with inclusive growth, the EU and the Philippines must ensure a free trade agreement within the next 24 months.”
“I would consider it a disaster… if Indonesia managed to get to the Free Trade Agreement level with the EU before the Philippines,” Mr. Wittig said. “A 2020 study shows that 83% of German companies want to resume FTA negotiations, citing huge potential for EU companies, with the FTA positively affecting competitiveness,” he added.
“It should not be a secret that for me, personally, it really is a destination and objective, a key to success for both EU and the Philippines and the inclusive growth here that we expand on the GSP+ until we can finally get a free trade agreement with the EU,” he said. In return, the Philippines must implement 27 international core conventions covering labor rights, human rights, good governance, and environmental concerns.
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