The trade chief of the European Union says the bloc welcomed the 'positive change of direction' taken by the Marcos administration, while encouraging further progress on human and labour rights
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BRUSSELS, Belgium – The European Union and the Philippines said on Monday, March 18, they would resume negotiations on a free trade agreement as the EU seeks to tap into Asia’s faster economic growth and gain access to critical raw materials. EU trade chief Valdis Dombrovskis said the bloc welcomed the “positive change of direction” taken by the Philippines’ new administration, while encouraging further progress on human and labour rights.
The EU is eying Filipino raw materials such as nickel, copper and chromite that it needs for its green transition and for which it is currently heavily reliant on China.
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