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The Philippines signs its first Middle East free trade pact with the United Arab Emirates, marking a milestone in foreign economic policy. Under the Comprehensive Economic Partnership Agreement, 95% of Philippine exports gain preferential tariffs. The deal boosts manufacturing, jobs, and exports across food, electronics, automotive, textiles, and services, while providing clearer rules for sectors like construction, IT-BPM, retail, and tourism.
Tuesday, 13 January, 2026