India and the Philippines are exploring new areas of economic collaboration after bilateral trade reached $3.9 billion in FY 2025-26, reflecting stronger commercial ties.

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• Bilateral trade between India and the Philippines reached $3.9 billion during FY 2025-26, demonstrating sustained growth in economic engagement.
• The 14th meeting of the India-Philippines Joint Working Group on Trade and Investment was held in Manila to review cooperation opportunities.
• Discussions focused on trade trends, investment flows, priority products, services, and measures to strengthen commercial relations between both countries.
• Both sides explored potential collaboration in sectors including film production, energy, infrastructure development, information technology, artificial intelligence, and pharmaceuticals.
• Improving the business environment remained a key agenda, with discussions covering customs facilitation, market access, and agricultural cooperation.
• Officials also examined the possibility of promoting trade settlement in national currencies to enhance bilateral trade efficiency.
• The meeting reviewed progress on the ASEAN-India Trade in Goods Agreement review and future engagement on a preferential trade agreement.
• Both countries reaffirmed their commitment to strengthening economic partnerships and creating new opportunities for trade, investment, and long-term growth.