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Story summary
- EU and the Philippines signed a trade agreement, announced by EU Commission President Ursula von der Leyen.
- EU trade chief Maroš Šefcovic and Philippine Trade Secretary María Cristina Aldeguer-Roqe structured the deal.
- The pact aims to grow nearly €30 billion ($35 billion) of annual EU-Philippines trade.
- EU will export aircraft, pork and pharmaceuticals while importing Philippine semiconductors and machinery.
- The agreement makes the Philippines the third ASEAN nation, after Vietnam and Singapore, to sign an EU pact.