The European Union (EU) is aiming to secure a free trade agreement (FTA) with the Philippines by the end of 2027, or before the expiration of a special incentive system that provides the country duty-free access for over 6,200 products to the 27-member bloc.
EU Ambassador to the Philippines Massimo Santoro said he is optimistic that, at the current pace of negotiations, the FTA could enter into force before December 2027.
If there is no extension, the Philippines’ utilization of the Generalized Scheme of Preferences Plus (GSP+) arrangement would expire in December 2027.
Under GSP+, the country benefits from having
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