Negotiations for a Free Trade Agreement between the EFTA-States and the Philippines were launched on 24 March 2015 and they were concluded on 6 February 2016. The competent Ministers have signed the Agreement on 28 April 2016. The Agreement has been put into force on 1 June 2018.
The Chapter on Trade in Services is completed by specific rules by means of the following annexes: financial services, telecommunications services, maritime services and energy related services as well as the movement of natural persons supplying services. Market access commitments are taken on the basis of a positive list. This chapter does not contain obligations on standstill and ratchet.
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Last modification 01.06.2018