EU And Philippines Sign Free Trade Deal Covering €30 Billion In Trade
The European Union and the Philippines announced a new free trade agreement in Brussels on Tuesday, September 22, 2026, aiming to boost two-way trade.[1]
The pact targets growth in nearly €30 billion (about $35 billion) in annual two-way trade.[1] It is heavily focused on electronics and on expanding investment and market access for Philippine exporters.[1]
The Philippines is the third ASEAN country after Vietnam and Singapore to secure a bilateral EU trade deal, reflecting Brussels' wider Indo-Pacific strategy.[1]
The agreement marks a diplomatic and economic step for the EU as it seeks to diversify trading partners in Asia and strengthen strategic supply chains.
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📌 Key Facts
- On Tuesday, September 22, 2026, the EU and the Philippines announced a new free trade agreement in Brussels.
- The pact targets growth in nearly €30 billion (about $35 billion) in annual two-way trade, heavily focused on electronics.
- The Philippines is the third ASEAN country after Vietnam and Singapore to secure a bilateral EU trade deal, as Brussels pursues a broader Indo-Pacific strategy.
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September 22, 2026