The Philippines’ merchandise trade deficit widened to a record USD31.36 billion in the first semester of 2026, as imports surged nearly 19 percent and...
The Philippines’ breakthrough in free trade negotiations with the European Union could trigger fresh factory investments, technology transfers and export growth, business groups said, but warned that local firms must prepare for tougher competition and demanding EU standards.
The Philippines is pushing to wrap up trade negotiations with Canada and Japan by November, building on the substantial conclusion of its free trade agreement (FTA) talks with the European Union as Manila moves to widen market access amid global trade uncertainty.
ASEAN economic ministers have put 19 Philippine-led priorities on track for completion this year, advancing a regional digital trade pact, a semiconductor roadmap and new trade and investment initiatives ahead of the bloc’s November summit.
The Philippines and the United Kingdom are deepening economic ties, with up to GBP5 billion in UK-backed financing available for eligible Philippine infrastructure projects.