Sealing the Deal Philippines Pursues Free Trade Agreement with US This title captures the main theme of the article, which is the Philippine government's intention to negotiate a free trade agreement (FTA) with the United States. The use of Sealing the Deal as a title suggests that the article will explore the potential benefits and challenges of such an agreement, making it appealing to readers interested in international trade and economic cooperation.

Title Sealing the Deal Philippines Pursues Free Trade Agreement with US

The Philippine government has announced its intention to deepen economic ties with the United States, aiming to secure a bilateral free trade agreement (FTA). According to Trade Secretary Cristina Roque, the renewed interest in an FTA under the Trump administration presents an opportunity for both countries to craft a new generation of trade agreements that prioritize market access, labor rights, environmental protection, and social inclusivity.

Roque emphasized the importance of securing a renewal of the US Generalized System of Preference (GSP) program, which expired at the end of 2020. Additionally, she highlighted the government's desire to conclude a critical minerals agreement with the US, which would amplify the Philippines' role in global value chains and drive economic growth.

The proposed United States-Philippines Partnership Act, introduced in Congress by now Secretary of State Marco Rubio, is also seen as a landmark legislation that lays the foundation for deeper economic cooperation. The bill focuses on areas such as critical minerals and infrastructure development, aligning with the Philippines' goals of sustainable and inclusive growth.

While concerns over US protectionism have arisen following President Trump's recent trade war initiatives against China, Mexico, and Canada, Roque remains optimistic about the potential for a successful FTA. She notes that the Marcos government is committed to pushing forward with a bilateral agreement, building on the interest expressed by Trump during his first term in 2017.

Meanwhile, concerns over the impact of the US Agency for International Development (USAid) shutdown have been alleviated, as the Anti-Red Tape Authority (ARTA) has confirmed that the shutdown will not affect initiatives aimed at streamlining business processes in the Philippines. Two projects backed by USAid are already being implemented, and ARTA Secretary Ernesto Perez believes that the challenge can be viewed as an opportunity to rely on local resources.

As the Philippine government moves forward with its FTA aspirations, it is essential to recognize that a well-crafted deal can bring significant economic benefits and create new opportunities for growth. With careful planning and negotiation, the Philippines can capitalize on this opportunity to strengthen its economic ties with the US.

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Edward Lance Arellano Lorilla

CEO / Co-Founder

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