European Union, Philippines to sign FTA
India, Sept. 23 -- The European Union and the Philippines have reached substantial agreement on a new free trade deal, the latest bilateral agreement that Brussels is pursuing as it seeks to diversify its economy amid tensions with traditional trading partners including China, Russia and the United States. European Commission President Ursula von der Leyen tweeted Tuesday, "we just agreed on a free trade deal," but EU officials later clarified that it was a preliminary agreement, and that a full deal would take further negotiations. The EU's top trade negotiator, Maros Sefcovic, said he and Philippine Trade Secretary Maria Cristina Aldeguer-Roque have been negotiating a deal aimed at boosting the nearly 30 billion euros of annual trade be...
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