The Philippines is working to strengthen trade and investment ties with the European Union (EU), focusing on sectors like renewable energy, semiconductors, and critical minerals.
A high-level dialogue between Philippine officials, the EU-ASEAN Business Council, and the European Chamber of Commerce was held on October 14 to explore ways to boost economic cooperation.
Trade Secretary Cristina Roque highlighted government efforts to simplify business procedures and attract more European investors by promoting reforms and modernization.
Key legislative measures, such as the CREATE MORE Act and the Enhanced Mining Fiscal Regime Act, aim to make the Philippines a more attractive investment destination.
The dialogue also emphasized advancing negotiations on the Philippines-EU free trade agreement, targeting completion by 2026 to 2027 to coincide with the 50th anniversary of EU-ASEAN relations.
Source: PhilNews24 | October 19, 2025
PHILIPPINES AIMS TO DEEPEN TRADE AND INVESTMENT RELATIONS WITH THE EU
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