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EU and Philippines reach substantial agreement on trade pact
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Main terms agreed; final negotiations remain
The EU and Philippines announced substantial agreement on a free-trade pact on September 22. Negotiators still need to settle technical details and finalize the legal text before formal conclusion, so the proposed trade changes are not yet in force. The European Commission says goods trade between the two partners totaled €17.6 billion in 2025. For businesses and consumers, this is a negotiating milestone rather than a change to tariffs today.
Reuters: EU reaches initial free trade deal with Philippines · Substantial agreement on EU-Philippines trade deal