NextGen Day

MANILA – President Ferdinand R. Marcos Jr. asserted on Monday that his administration will take bold steps to expand the country’s ties with the international community, focusing on bolstering economic and trade relations.

In his second State of the Nation Address (SONA), Marcos highlighted the significance of the Regional Comprehensive Economic Partnership (RCEP) as it grants the Philippines competitive access to markets in the Association of Southeast Asian Nations (ASEAN) member states, Australia, China, Japan, New Zealand, and South Korea.

Before RCEP, the Philippines already had free trade agreements (FTAs) with the 10 ASEAN members, a bilateral FTA with Japan, and with the European Free Trade Association (EFTA).

“We will continue to forge more of these international partnerships that will lead to a more balanced trade strategy and a healthier economic position,” Marcos announced.

He emphasized that his administration’s independent foreign policy catalyzes forging robust partnerships with the international community.

“Our independent foreign policy—a friend to all and an enemy of none—has proven effective. We have formed strategic alliances with our traditional and newfound partners in the international community,” he affirmed.

The Philippines recently concluded negotiations with South Korea for a bilateral FTA, and both countries are eager to sign the agreement within the year.

Moreover, Trade Secretary Alfredo Pascual revealed that the European Union (EU) has shown keen interest in reviving the scoping study to resume the EU-Philippines FTA negotiations, which have been on hold for the past six years.

With a determined effort to strengthen international partnerships, the Philippines is poised to unlock new opportunities for economic growth and enhance its global standing.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

Need to get in touch?

Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. Simple Ways To Say Thanks & Support Us:
1.) GIVE A TIP. Send a small donation thru Paypal
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---