The Marcos administration should prioritize the free trade agreement with the European Union (EU), said Lars Wittig, president of the European Chamber of Commerce of the Philippines. “If you believe in the Philippines, they will be one of your biggest markets,” he said. “The potential in the Philippines is huge.”
President Ferdinand R. Marcos Jr. also addressed the FTA in his speech at the 10th ASEAN-EU Economic Summit in Brussels, Belgium on December 13.
“We have to continue this momentum. It is important that our governments continue to work with the private sector, especially given the current geopolitical challenges. With ASEAN members participating in trade deals, ASEAN is well positioned to accelerate our progress. Although the EU has historically been a dialogue partner with ASEAN, a free trade agreement is a long-term goal. Meanwhile, ASEAN will continue dialogue on economic competitiveness as the short- to medium-term plans are to transform ASEAN into a leading digital economy,” he told business and government leaders of the two blocs.
Interview by Patricia B Mirasol. Edited by Earl R. Lagundino.