Philippines – Japan Economic Partnership Agreement The Philippines and Japan concluded a free trade agreement in 2008. The VPA is the Philippines` only bilateral free trade agreement covering, among other things, trade in goods, trade in services, investment, personal transport, intellectual property, customs procedures, improving the business environment and public procurement. U.S. trade in goods and services with the Philippines was estimated at $30.6 billion in 2019. Exports were $12.1 billion; Imports amounted to $18.5 billion. The trade deficit in goods and services with the Philippines was $6.4 billion in 2019. The Philippines is currently our 31st largest trading partner for goods, with a total of $21.4 billion (two and twice) in 2019. Exports of goods amounted to US$8.6 billion; Imports of goods amounted to $12.8 billion. In 2019, the merchandise trade deficit with the Philippines was $4.1 billion. Philippines – European Free Trade Association Free Trade Agreement The Philippines and EFTA countries – Iceland, Liechtenstein, Norway and Switzerland – signed a free trade agreement in 2016, which is expected to enter into force in 2018.
The Philippines-EFTA covers trade in goods, trade in services, investment, competition, intellectual property, government procurement, trade and sustainable development. The agreement also provides for tariff concessions for both agricultural commodities and processed agricultural products in the bilateral annexes VIII to X of the agreement. Specific provisions to facilitate trade in fish and other seafood are contained in a separate annex of the trade chapter (Annex V). The agreement contains provisions to remove export duties, but the Philippines has maintained the possibility of these tariffs for the protocols, as indicated in Schedule IV. Discover new ways to expand your international presence. Canada`s broad (and growing) commercial network provides Canadian businesses with preferential access to various markets around the world. This page examines Canada`s Free Trade Agreement (FTA), Foreign Investment Promotion and Protection Agreements (FIPA), multilateral agreements and World Trade Organization (WTO) agreements.