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THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
City skyline at sunset in Metro Manila
Economic Updates
Quarterly Economic Growth Release: Stronger case for a BSP cut in August
August 7, 2025 DOWNLOAD
economy-ss-3
Economic Updates
Inflation Update: BSP’s low-inflation safety net
August 5, 2025 DOWNLOAD
bsp-banner
Economic Updates
Monthly Economic Update: Two more BSP cuts 
July 31, 2025 DOWNLOAD
View all Reports
BusinessWorld 2 MIN READ

Philippine trade concessions to US won’t ‘harm’ local producers

July 28, 2025By BusinessWorld
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The Department of Agriculture (DA) said it has been assured by Philippine trade negotiators that no concessions will be made to the US that will harm domestic producers of agricultural goods.

Agriculture Secretary Francisco P. Tiu Laurel, Jr. said the reassurance covers rice and sugar, which the Philippines does not import from the US, as well as corn, chicken, fish, and pork.

Left out of his list is wheat, which the Philippines does not produce in commercial quantities, which domestic industries use for food production and animal feed.

The Philippine negotiating team, led by Secretary Frederick D. Go, who heads the Office of the  Special Assistant to the President for Investment and Economic Affairs, and Trade Secretary Maria Cristina Aldeguer-Roque, made the reassurances as they negotiate the technical details of the preliminary trade deal with the US, under which Philippine exports pay a US tariff of 19%.

President Donald J. Trump last week said the Philippines has granted duty-free access to some US imports.

The DA, citing Malacañang, said a final trade agreement is still being hammered out by trade negotiators.

“Secretary Go… assured the Philippines has not made any concessions that would harm local producers,” it said.

The Philippine negotiating team has said that any trade agreement “must strike a balance between improving market access and safeguarding the livelihoods of Filipino workers and farmers,” the DA said. — Kyle Aristophere T. Atienza

This article originally appeared on bworldonline.com

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