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According to Filipino data, the EU became the Philippines' second largest export partner in the first half of 2017, overtaking the US. This is a direct impact of GSP+ preferences on PH agri-food exports. Trade in services increased by 20% and the EU remains the country's largest investor.
Ambassador Franz Jessen, in a statement said " The EU is happy to support Philippines' strong growth and sees trade and investment as part of the answer to challenges faced in the country in terms of inclusive and pro-poor growth. Indeed, the EU and its industry have a positive agenda that is values-based and comes with an open dialogue to ensure nobody is left behind in strengthening these trade relations."
Besides facts on our commerce and economies, we included detailed information on the 28 EU member states; and some of our advocacy and engagement.
For the first time ever, this publication was done in partnership with the European Chamber of Commerce of the Philippines and the EU Philippines Business Network. Read the EU-Philippines Trade & Investement 2017/2018