Maros Sefcovic - Photo © European Union 2026

The EU and the Philippines have reached ‘substantial agreement’ in negotiations for a Free Trade Agreement, looking to deepen economic ties between the EU and another strategic, fast-growing partner in South-east Asia.

Trade in cars - Photo by Tom Fisk on Pexels

The United States, with €38.9 billion, was the top destination for EU car exports in 2024, according to figures released by Eurostat, with the United Kingdom in second place with €34.3 billion.