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India and Philippines Launch Preferential Trade Talks Under New Strategic Partnership

A new strategic partnership sets a roadmap for formal trade negotiations under a five-year action plan

Overview

  • Leaders Narendra Modi and Ferdinand R. Marcos Jr agreed on August 3 to elevate ties and expedite Preferential Trade Agreement negotiations.
  • Free e-visas for Filipino tourists and 14-day visa-free entry for Indian nationals will take effect ahead of direct DelhiManila flights starting October 1.
  • A joint working group on broad trade and investment issues will convene alongside industry-specific teams covering sectors such as healthcare and agriculture.
  • Bilateral trade reached USD 3.3 billion in 2024–25, with both governments targeting exponential growth beyond that baseline.
  • The partnership framework includes enhanced defence collaboration that builds on India’s BrahMos missile exports and the first bilateral naval drills.