Philippines explores joining TPP to expand free trade network

Domestic industry stands to gain from market access and cheaper imports

20210401N Philippine electronics plant REUTERS

An electronics factory in the Philippines: Joining the CPTPP would lower the cost of procuring components while providing manufacturers easier market access. © Reuters

YUICHI SHIGA, Nikkei staff writer

MANILA -- The Philippines has formally expressed interest in joining the Trans-Pacific Partnership, with the goal of building new relationships with countries outside its existing bilateral free trade agreements.

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