“Under the agreement, hailed as a milestone in the country’s foreign economic policy, about 95 percent of Philippine exports to the UAE will enjoy preferential tariff treatment, helping manufacturers expand exports, scale up production, and generate more jobs at home.”
“The improved business environment should promote the expansion of Filipino service providers in the UAE while encouraging UAE companies to invest in the Philippines, the DTI added.”
“The agreement also goes beyond traditional trade by opening cooperation in priority areas such as digital trade, MSME, trade and sustainable development, intellectual property rights protection, competition and consumer protection, government procurement, and economic and technical cooperation.”
“Aside from the CEPA, the president’s [Marcos] trip will also see the signing of the Memorandum of Understanding on Defense Cooperation with the host country.”
“According to data from the Philippine Embassy in the UAE, as of 2023, there are almost one million Filipinos living in the Middle East country and working in various industries such as service and hospitality, food, engineering and architecture, health care, and creatives, among others.”
https://globalnation.inquirer.net/305527/ph-uae-free-trade-deal-hail as-1st-in-manilas-mideast-ties