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Gov't 'satisfied' with progress of trade negotiations with US
Business World Philippines
|June 06, 2025
THE PHILIPPINES is "satisfied" with the progress of trade talks with the US weeks ahead of Washington's deadline to wrap up talks by mid-July, Undersecretary Clarissa A. Castro of the Presidential Communications Office said.
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She could provide no details at a briefing on Thursday, because the talks are covered by a confidentiality agreement, other than to say that the two sides are in "constant communication."
The US government on Wednesday asked its trading partners to submit their best offers, including tariff and quota commitments for US industrial and agricultural products, as well as proposals to address non-tariff barriers, Reuters reported.
The US will evaluate the responses within days and offer "a possible landing zone" that could include a reciprocal tariff rate, according to the letter.
This story is from the June 06, 2025 edition of Business World Philippines.
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