EU Strikes Free Trade Deal With Philippines in Bid to Ease Reliance on Major Powers

As tensions with traditional partners persist, Brussels says the deal 'sends a clear signal that the EU is reinforcing its engagement with the Indo-Pacific.'

EU Strikes Free Trade Deal With Philippines in Bid to Ease Reliance on Major Powers

TL;DR

  • The EU has signed a new free trade deal with the Philippines.
  • The agreement aims to diversify the EU's economy amid tensions with major trading partners.
  • The deal is expected to increase the annual trade between the EU and the Philippines, currently around 30 billion euros.
  • It will also contribute to stronger and more diversified supply chains.
  • The EU is reinforcing its engagement with the Indo-Pacific.

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