According to Trade Secretary Cristina Roque, Paraguayan President Santiago Peña floated the idea of an FTA during his visit to the Philippines early this May. —File photo by Jordeene B. Lagare | INQUIRER
MANILA, Philippines — The Philippines is looking into the possibility of forging a free trade agreement (FTA) with Paraguay, as it moves to deepen its economic ties with South America while pursuing several major trade deals this year.
Trade Secretary Cristina Roque said on Wednesday that Paraguayan President Santiago Peña floated the idea of an FTA during his three-day visit to the Philippines earlier this May.
While discussions remain preliminary, Roque said the Marcos administration was open to exploring closer trade relations with Paraguay, which Peña pitched as a potential gateway to the broader South American market.
Article continues after this advertisement
