{"id":13269,"date":"2025-06-20T10:43:20","date_gmt":"2025-06-20T08:43:20","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=13269"},"modified":"2025-06-20T10:43:20","modified_gmt":"2025-06-20T08:43:20","slug":"uk-aims-to-double-trade-with-the-philippines","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/20\/uk-aims-to-double-trade-with-the-philippines\/","title":{"rendered":"UK Aims to Double Trade with the Philippines"},"content":{"rendered":"\n

By Justine Irish D. Tabile<\/strong>, Correspondent<\/em><\/p>\n

United Kingdom (UK) Trade Envoy George Freeman MP expressed that he aims to pinpoint significant partnership opportunities that could facilitate a doubling of bilateral trade within the next three to four years.<\/p>\n

\u201cIn the coming three or four years, I intend to identify specific strategic initiatives and substantial partnership opportunities that we could cultivate,\u201d Mr. Freeman shared with reporters during a roundtable event on Friday.<\/p>\n

\u201cThere are several sectors I am eager to delve into. However, by strengthening and establishing a strategic partnership, I believe that the three billion figure can be significantly enhanced over the next three to four years,\u201d he continued.<\/p>\n

Bilateral trade between the Philippines and the UK soared to a record high of 3 billion pounds last year.<\/p>\n

Mr. Freeman is visiting the Philippines on a three-day mission to engage with business leaders and government representatives.<\/p>\n

When questioned about the feasibility of doubling the bilateral trade in the upcoming three to four years, he responded, \u201cYes, is fundamentally the answer. And this underscores the point I was making regarding strategic collaborations.\u201d<\/p>\n

\u201cShould we cultivate a partnership focusing on the digital economy, cybersecurity, combating fraud, and ensuring Filipinos have access to secure online commerce, that alone, over the next five or ten years, could significantly attract more UK investments into the Philippines if we are committed to it,\u201d he emphasized.<\/p>\n

He noted that such foundational and structural partnerships serve as a growth catalyst in their own right.<\/p>\n

In 2024, the Philippines recorded a trade surplus with the UK, exporting roughly 1.8 billion pounds.<\/p>\n

Lindsey Gilbert-Crouch, director of trade and investment at the British Embassy Manila, mentioned that the food sector is among the promising areas for expansion concerning Philippine exports to the UK.<\/p>\n

\u201cConsumers in the UK are increasingly prioritizing health, and there are numerous food products from the Philippines that are in high demand in the UK,\u201d she stated.<\/p>\n

\u201cI am particularly considering coconuts and coconut-based goods, mangoes, dried fruits, especially bananas, but essentially fruits and vegetables, particularly dried items, are a crucial growth sector,\u201d she added.<\/p>\n

She also highlighted the demand for Filipino artisanal goods.<\/p>\n

\u201cThey are not interested in fast fashion; they seek unique, handcrafted items. This is where Filipinos excel immensely,\u201d she remarked.<\/p>\n

\u201cThe most exquisite products are crafted here, from leather goods to other related offerings,\u201d she noted.<\/p>\n


\n
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By Justine Irish D. Tabile, Correspondent United Kingdom (UK) Trade Envoy George Freeman MP expressed that he aims to pinpoint significant partnership opportunities that could facilitate a doubling of bilateral trade within the next three to four years. \u201cIn the coming three or four years, I intend to identify specific strategic initiatives and substantial partnership<\/p>\n","protected":false},"author":3,"featured_media":13270,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[2778],"class_list":["post-13269","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-and-markets","tag-return-a-list-of-comma-separated-tags-from-this-title-uk-eyes-to-double-bilateral-trade-with-philippines"],"yoast_head":"\nUK Aims to Double Trade with the Philippines - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/20\/uk-aims-to-double-trade-with-the-philippines\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Aims to Double Trade with the Philippines - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"By Justine Irish D. Tabile, Correspondent United Kingdom (UK) Trade Envoy George Freeman MP expressed that he aims to pinpoint significant partnership opportunities that could facilitate a doubling of bilateral trade within the next three to four years. \u201cIn the coming three or four years, I intend to identify specific strategic initiatives and substantial partnership\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/20\/uk-aims-to-double-trade-with-the-philippines\/\" \/>\n<meta property=\"og:site_name\" content=\"WSJ-Crypto\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-20T08:43:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/06\/Britain-Union-Jack-flags-300x200.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"wsjcrypto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scritto da\" \/>\n\t<meta name=\"twitter:data1\" content=\"wsjcrypto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tempo di lettura stimato\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minuti\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/20\/uk-aims-to-double-trade-with-the-philippines\/\",\"url\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/20\/uk-aims-to-double-trade-with-the-philippines\/\",\"name\":\"UK Aims to Double Trade with the Philippines - 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