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This trade deal is a win for both sides, scrapping tariffs on nearly all tariff lines and opening a new frontier to European exporters. Filipino businesses get permanent preferential access to nearly 450 million consumers, locking in stability that beats the previous arrangement. Add critical minerals and renewable energy investment, and all parties come out stronger.
Lofty talk about labor rights means nothing without enforcement. Under the previous agreement, tens of thousands died in the drug war and the EU never once triggered a review even when the European Parliament demanded it. Now Brussels wants market access, natural resources and iron-clad investor protections while Filipino workers get inequality, exploitation and less room to regulate.