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EU and Philippines report breakthrough in talks on free trade deal

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The European Union and the Philippines have reached substantial agreement on a new free trade deal. European Commission President Ursula von der Leyen announced the preliminary agreement Tuesday, with further negotiations needed for a full deal. EU trade negotiator Maroš Šefčovič and Philippine Trade Secretary María Cristina Aldeguer-Roque have been negotiating a deal meant to boost the nearly 30 billion euros of annual trade.

The agreement aims to create a modern partnership, opening new opportunities for exporters and investors. Electronics dominate EU-Philippine trade, with the EU exporting aircraft and pharmaceuticals while importing semiconductors and machinery.

Read the original report at Apnews.

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Apnews

Source headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-09-22. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.

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