Archive · 5 Aug 2025
India, Philippines Launch Strategic Partnership, Eye Trade Pact
India and the Philippines are now strategic partners, meaning they plan to work more closely together.
They're aiming for a trade deal to make it easier to buy and sell goods between them, since their trade is already worth over $3 billion a year.
They will also be reviewing the India-ASEAN free trade agreement, to boost trade.
The leaders talked about working together on defense, security, and global issues.
India and the Philippines elevated their relationship to a strategic partnership.
They will negotiate a preferential trade agreement (PTA).
Bilateral trade has surpassed $3 billion annually.
The leaders discussed defense, security, regional, and global issues.
They also aim to expedite the review of the India-ASEAN free trade agreement (FTA).
- Who
- Indian Prime Minister Narendra Modi and Philippine President Ferdinand Marcos Jr.
- What
- India and the Philippines established a strategic partnership and will negotiate a preferential trade agreement to boost trade.
- When
- On August 5, 2025, during Philippine President Ferdinand Marcos Jr.'s visit to India.
- Where
- New Delhi, India.
- Why
- To strengthen bilateral relations and boost trade.
- Partnership Level
- Strategic
- Trade Value
- Over $3 billion annually
- Agreement
- Preferential Trade Agreement (PTA) to be negotiated
- FTA Review
- India-ASEAN FTA
Sources
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