The Philippines and the European Union (EU) are targeting the conclusion of their free trade agreement (FTA) negotiations between mid-2026 and 2027, a pact expected to unlock wider trade and investment opportunities and strengthen economic ties.
Both parties confirmed their commitment during a high-level dialogue on Oct. 14, 2025, in Makati City, involving Philippine government officials, the European Union–ASEAN Business Council (EU-ABC) and the European Chamber of Commerce of the Philippines (ECCP).
The engagement, part of the EU-ABC’s Business Mission to the Philippines, focused on accelerating FTA discussions and enhancing cooperation to drive sustainable and inclusive regional growth.
Secretary Frederick Go, the Special Assistant to the President for Investment and Economic Affairs (SAPIEA), said the FTA would pave the way for a more competitive and future-ready Philippine economy. The EU-ABC mission lead Sharon Toh noted that the 2027 target aligns with the 50th anniversary of EU–ASEAN relations.
“The EU remains a vital trade and investment partner. We are inviting more European companies to invest and cooperate with us. The Philippine economy remains strong and resilient, and this is the perfect moment to deepen our partnership and create sustainable economic opportunities together,” Go said.
Go also expressed appreciation for the EU’s 800,000-euro humanitarian aid to communities affected by recent tropical cyclones and floods in the Philippines, underscoring Europe’s continued commitment beyond trade and investment cooperation.
Trade and Industry Secretary Ma. Cristina Roque said the government is working to strengthen economic ties with Europe and make the Philippines a top choice for business expansion.
“To our partners in Europe, this is the moment to look to the Philippines with renewed confidence. We’re creating a smoother and smarter way of doing business—simplifying procedures, modernizing systems, and promoting cooperation in renewable energy, semiconductors, critical minerals, and green manufacturing,” she said.
Go cited key reforms under the Marcos administration aimed at creating an open and investor-friendly business environment, including the CREATE MORE Act, the new Public-Private Partnership (PPP) Code, and the Green Lanes for Strategic Investments.
He also mentioned several legislative measures such as the Amended Investors’ Lease Act, Enhanced Mining Fiscal Regime Act and the Accelerated and Reformed Right of Way Act.
