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EU-Philippines Reach Preliminary Free-Trade Deal Covering 94% Tariffs

By Drooid · Sep 23, 2026, 5:17 PM UTC · How we work

Summary

EU, Philippines Strike Deal

The European Union and the Philippines reached a substantial preliminary free-trade agreement.
The pact would liberalise over 94 % of tariff lines, covering more than 97 % of bilateral trade.
EU-Philippines goods trade reached €17.6 billion in 2025, making the EU the Philippines’ fourth-largest partner.
EU investment totals €15.4 billion, focused on electronics, aircraft, pork and pharmaceuticals.
Maroš Šefcovic and María Cristina Aldeguer-Roque aim to finalise the deal within one to two years, pending ratification.

Summary

Canada Funds Luzon Corridor

Canada pledged $2 million for technical assistance to the Luzon Economic Corridor project.
The corridor investment targets energy, data centres, clean energy and advanced manufacturing.
Trade Minister Maninder Sidhu says Canada can help stabilise regional energy prices and supply lines.
Canada-Philippines and Canada-ASEAN trade talks are over 90 % complete, aiming for November finalisation.

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EU, Philippines Strike Deal

The European Union and the Philippines reached a substantial preliminary free-trade agreement.
The pact would liberalise over 94 % of tariff lines, covering more than 97 % of bilateral trade.
EU-Philippines goods trade reached €17.6 billion in 2025, making the EU the Philippines’ fourth-largest partner.
EU investment totals €15.4 billion, focused on electronics, aircraft, pork and pharmaceuticals.
Maroš Šefcovic and María Cristina Aldeguer-Roque aim to finalise the deal within one to two years, pending ratification.

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