The European Chamber of Commerce of the Philippines (ECCP) expressed support for the resumption of free trade agreement (FTA) negotiations between the
The European Chamber of Commerce of the Philippines expressed support for the resumption of free trade agreement negotiations between the Philippines and the European Union .
A study by the International Trade Centre highlights the significant untapped export potential for the Philippines in the EU market, totaling $8.3 billion. The FTA is expected to play a crucial role in unlocking this potential. Among the key sectors that are poised to benefit from the FTA are agriculture, garments, digital trade, renewable energy and minerals.
The Philippines’ $50-billion IT-BPM industry and electronics sector are also expected to benefit from an expanded access to EU markets.
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