President of the Federal Republic of Germany, Frank Walter Steinmeier, meets President Ferdinand Marcos Jr. in Malacanang Palace on Tuesday , marking a significant milestone in the longstanding diplomatic relations between the two countries. PCO
BUSINESS

German president backs speedy EU-Philippines free trade deal

Raffy Ayeng

German President Frank-Walter Steinmeier on Tuesday expressed support for the swift completion of the European Union-Philippines Free Trade Agreement (EU-Phl FTA), saying it would expand market access for Philippine exports and attract more European investments.

Speaking during a joint press conference at Malacañang Palace following talks with President Ferdinand Marcos Jr., Steinmeier said the ongoing negotiations are "so important" and expressed hope that the agreement would be concluded soon to further intensify economic exchanges between the Philippines and Europe, particularly Germany. The seventh round of FTA negotiations is scheduled from 29 June to 3 July in Brussels.