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EU and Philippines Agree Free Trade Deal, Finalizing Soon

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Story summary
  • EU and the Philippines agreed on a free trade deal.
  • Ursula von der Leyen announced the deal on X after speaking with President Ferdinand Marcos Jr.
  • Both sides said the pact will diversify supply chains amid higher U.S. tariffs and trade tensions.
  • Trade Commissioner Maros Šefcovic and Trade Secretary Ma. Cristina Roque said negotiators will finalize the deal in coming months.