Manila, Sept. 23 -- Independent think-tank Stratbase Institute said the "substantial progress" for a free trade agreement (FTA) between the Philippines and the European Union (EU) will result in a more resilient economy.

"As a vocal advocate for aligning with like-minded international partners, Stratbase Institute views the EU-PH FTA as a cornerstone of the country's broader economic security strategy," it said in a statement Tuesday night.

"As like-minded states, both sides share a commitment to strengthening open, rules-based trade and promoting greater economic cooperation," it noted.

Malacanang and European Commission President Ursula von der Leyen, in different platforms, announced Tuesday the progress of negotiations, and possibl...