In recent years, the Philippines has been actively pursuing free trade agreements with other countries to boost its economy. The Department of Trade and Industry (DTI) has been leading the way in negotiating and implementing these agreements, which have the potential to create more jobs and strengthen the country`s position in the global market.

One of the most significant free trade agreements that the Philippines has entered into is the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA). This agreement was signed in 2009 and has helped to increase trade between the Philippines and the other countries involved. Under the agreement, tariffs have been eliminated on a wide range of goods, including agricultural products, machinery, and electronics. This has made it easier for Philippine businesses to export their products to other countries in the region, leading to increased economic activity and job growth.

The Philippines has also signed free trade agreements with Japan, Korea, and China. These agreements have helped to boost trade between the Philippines and these countries, which are some of the largest economies in the world. In addition to reducing tariffs, these agreements have also helped to create new opportunities for Philippine businesses to invest in these countries and vice versa.

The DTI has been instrumental in negotiating and implementing these free trade agreements. The department has been working closely with Philippine businesses to identify areas where they can benefit from these agreements, as well as working with foreign governments to ensure that the agreements are fair and beneficial for both sides. The DTI has also been working to promote these agreements to the public, to ensure that everyone understands the benefits of free trade and how it can help the Philippine economy.

Overall, the Philippines` free trade agreements have been a major success. They have helped to create jobs, boost economic growth, and strengthen the country`s position in the global market. The DTI has played a key role in this success, and will continue to work towards creating more opportunities for Philippine businesses through free trade agreements with other countries.