New trade deals boost exporters confidence

Local exporters are banking on the opening of new markets through free-trade agreements (FTAs) and growing demand for the country’s key products to boost the export of goods and services next year.

- BY DEXTER BARRO II

Philippine Exporters Confederation Inc. (Philexport) president Sergio Ortiz-Luis Jr. said local exporters are gearing up for wider market access in 2026 through the potential signing of multiple FTAs.

Among exporters, there is strong optimism about the prospect of comprehensive economic partnership agreements (CEPA) with the United Arab Emirates (UAE) and Chile.

“This expands our reach into the Gulf and South America, two dynamic markets where Filipino products and services can thrive,” Ortiz-Luis said during Philexport’s general membership meeting last week.

The Department of Trade and Industry (DTI) earlier indicated that trade deals with both countries would be finalized by next year, with the agreement with the UAE set for signing as early as January.

Ortiz-Luis said the industry is also awaiting the twin FTAs with Canada—one through the Association of Southeast Asian Nations (ASEAN) and the other a bilateral agreement.