PH-South Korea FTA Gets Senate’s Nod on Final Reading

The Philippine Senate ratified a free trade agreement (FTA) between South Korea and the Philippines last Monday, September 23. The free trade deal between the two countries was initially signed on September 7, 2023 during an Association of Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia. The agreement was previously ratified by President Ferdinand R. Marcos, Jr. on May 13, 2024, and was sent to the Senate for approval. Under the 1987 Constitution, international agreements require the concurrence of two-thirds of the Senate’s members for ratification. Reports note that as of writing, the deal is still undergoing the ratification process at the Korean National Assembly. 

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