PH and Canada wrap up free-trade talks – signing eyed for 2027
The Philippines and Canada have concluded free-trade agreement negotiations, with both sides expecting to sign the pact by 2027.
By YouScoop Desk · · 1 min read
The gist
- The Philippines and Canada concluded negotiations for a free-trade agreement on Saturday, Nov. 14.
- Both countries expect to sign the pact by next year, with reports pointing to 2027.
- Filipino businesses could gain access to a bigger market in Canada once the deal is in place.
Why it matters
This deal could give Filipino businesses access to a bigger market in Canada. It also marks a major milestone in trade ties between the two countries, with the signing now targeted for 2027.
The Philippines and Canada have wrapped up negotiations for a free-trade agreement, with the talks concluding on Saturday, Nov. 14. Both countries are now expecting to sign the pact by next year, which marks a big step in trade ties between the two nations.
Rappler reports that the signing is set for 2027, and Global News also describes the target as 2027. That gives both sides a clear timeline, even though the final document still has to go through the signing stage.
For Filipino businesses, the agreement could open the door to a bigger market in Canada, according to Philstar. More access to a foreign market means more chances for local companies to sell beyond the Philippines.
The news also came during a busy stretch in Manila. Canadian Prime Minister Carney arrived in the city for the Asean Summit, and Cambodia's deputy premier arrived for the same event.
What happens next
For now, the reports say the two countries will work toward signing the agreement in 2027. The sources do not yet give details on the specific terms of the deal or the exact date of the signing.
Reaching the end of negotiations is a milestone, since both sides have now moved past the talking stage. The next step is the signing, and after that, the agreement would need to take effect before Filipino businesses can benefit from it.
So here's the question for you: would you want to see more Filipino products and businesses reaching the Canadian market? Tell us what you think.
Background
The announcement came while the Asean Summit was taking place in Manila. Canadian Prime Minister Carney arrived in the city for the event, and Cambodia's deputy premier arrived for the same summit. The two countries had been working through the trade talks until they concluded on Nov. 14.
Sources
This story is written in our own words from reports by GMA News, Philippine News Agency, Rappler and Philstar. Spotted an error? Tell us.
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