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That is the Philippines’ first free commerce settlement with a Center Japanese nation
MANILA, Philippines – The Philippines has signed a free commerce settlement with the United Arab Emirates, a primary for the Philippines with a Center Japanese nation.
President Ferdinand Marcos Jr. witnessed the signing of the Complete Financial Partnership Settlement (CEPA) on the sidelines of the Abu Dhabi Sustainability Week (ADSW) 2026 Summit on the Abu Dhabi Nationwide Exhibition Heart on Tuesday, January 13. Commerce Secretary Ma. Christina Roque represented the Philippines on the signing ceremony.
Marcos is on a one-day working go to to the UAE on the invitation of UAE President Sheikh Mohamed bin Zayed Al Nahyan. He arrived in Abu Dhabi previous 11 pm (native time) Monday night time to affix different leaders on the ADSW.
The Presidential Communications Workplace (PCO) stated in a press assertion that the CEPA “goals to scale back tariffs, improve market entry for items and companies, improve funding flows, and create new alternatives for Filipino professionals and repair suppliers within the UAE.”
The UAE hosts an estimated 900,000 Filipinos.
Sectors, exports
Malacañang stated that primarily based on preliminary research, the CEPA could “increase Philippine exports to the UAE by 9.13%, generate shopper financial savings, and strengthen general commerce linkages with the Gulf area.”
The international locations’ bilateral commerce hit $1.83 billion in 2024. The UAE ranks 18th among the many Philippines’ buying and selling companions.
Sectors lined below the CEPA are digital commerce, MSMEs, sustainable growth, mental property, competitors and shopper safety, authorities procurement, and technical cooperation.
Malacañang stated Philippine exports which can be anticipated to profit from the CEPA are bananas, pineapples, canned tuna, electronics, equipment, and different high-demand merchandise.
“On companies, the settlement ensures a steady, non-discriminatory surroundings for Filipino corporations, together with MSMEs, throughout sectors like IT-BPM, tourism, healthcare, schooling, development, {and professional} companies,” PCO stated. – Rappler.com
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