The project is funded by the European Union (EU) through its Multi-Annual Indicative Programme (MIP), and under the objectives of supporting ASEAN regional economic and trade integration. The Philippines is part of the 19 countries covered by development cooperation under the 2014-2020 Regional Multi-annual Indicative Programme for Asia, which foresees complementary support to ensure that the country can benefit from enhanced trade with regional and global markets. The project is closely aligned with the five pillars of the ASEAN economic community (AEC) Blueprint 2025 which provides a solid basis for trade related technical assistance in the region.
This project is also aligned to the objectives of the 2018 "EU Strategy on Connecting Europe and Asia" and the forthcoming EU-ASEAN joint statement on connectivity.
The EU and the Philippines
The relationship between the EU and the Philippines is a longstanding one, which has broadened and deepened remarkably in recent years. In 2018, the Partnership and Cooperation Agreement (PCA) between the EU and the Philippines entered into force. The Agreement provides an enhanced legal framework, enabling the European Union and the Philippines to strengthen their bilateral relationship, in particular on political, social and economic matters. The Delegation of the European Union to the Philippines was officially opened in 1991. As a full-fledged diplomatic mission, it officially represents the EU in the Philippines and aims to strengthen EU-Philippine relations, including by promoting strong economic and trade ties and by supporting the Philippines to achieve the UN Sustainable Development Goals (SDGs).
For more information on EU and its relations with the Philippines, please click here.