EU reaches initial free trade deal with Philippines in pivot to Asia

The EU and Philippines have made significant progress in their free trade talks. WSJ reported that the two parties have reached a breakthrough in their negotiations, with the EU and Philippines set to finalize a free trade deal after a three-year push. This development comes amid global tensions. Macau Business noted that the breakthrough was hailed by both sides, with the EU and Philippines expressing optimism about the deal's prospects.

Manila Standard reported that the substantial phase of FTA talks has been wrapped up. ABC News and Yahoo also covered the story, with both outlets emphasizing the significance of the breakthrough. Macau Business noted that the EU and Philippines have been working towards a free trade deal for over three years. The deal is expected to boost trade between the two parties and promote economic growth.

Coverage from WSJ and Macau Business emphasize the significance of the breakthrough, with both outlets noting that the deal has the potential to boost trade and promote economic growth. However, no further details have been disclosed about the specifics of the deal. The current state of the negotiations remains unclear, with no official announcement made about the deal's finalization.