01:58 AM EDT, 09/22/2026 (MT Newswires) -- The European Union and the Philippines said Tuesday in a joint statement that they reached a "substantial agreement" on a free trade deal, clearing the way for its formal completion in the coming months. The trade deal is expected to expand trade and investment opportunities between the two parties across sectors, benefiting businesses, agriculture, and consumers alike. Both parties also aim to strengthen and diversify their supply chains while establishing "fair rules and real predictability," anchored in a shared commitment to promote global economic stability and security. European Commissioner for Trade and Economic Security Maroš Šefčovič and Philippine Secretary of Trade and Industry Ma. Cristina Roque said they have tasked their negotiation teams to wrap up the agreement "as soon as possible."

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.