Marcos seeks Czech Republic’s support for resumption of PH-EU Free Trade Agreement talks

0
191
  • President Ferdinand Marcos, Jr. sought the support of the Czech Republic for the resumption of the Philippine-EU Free Trade Agreement talks
  • He made the call at the Philippines-Czech Business Forum at the Czernin Palace on March 14
  • He said the negotiations will establish a “stable, predictable, and enabling business environment that promotes inclusive and sustainable growth and development”

President Ferdinand Marcos Jr. sought the support of the Czech Republic for the resumption of the Philippine-EU Free Trade Agreement (FTA) negotiations, the Presidential Communications Office said in a statement.

In his speech during the Philippines-Czech Business Forum at the Czernin Palace, Ministry of Foreign Affairs, Marcos underscored the importance of the resumption of the Philippine-EU FTA in achieving shared goals of stability, economic growth and sustainable development in the region.

“Moreover, we seek the support of the Czech Republic for the resumption of the Philippine-EU Free Trade Agreement negotiations,” Marcos told the Czech business leaders during the forum organized by the Philippine Embassy in Prague and the Department of Trade and Industry.

“We believe that the resumption of these negotiations will be a big step in furthering our trade relations, with the end view to establish a stable, predictable, and enabling business environment that promotes inclusive and sustainable growth and development,” he added.

Negotiations for the PH-EU trade and investment agreement were launched on December 22, 2015 followed by the second negotiations, which took place in February 2017.

The negotiations were on hold until July 2023 while the EU and the Philippines announced their intention to begin technical discussions with a view to potentially resuming negotiations.