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While a free trade agreement between the Philippines and Israel is unlikely to happen at the moment, there is an opportunity for the two nations to discuss on how they can create more tools to do business together with an upcoming joint economic committee meeting this year.
Trade Secretary Ramon Lopez has signed a memorandum of understanding on economic and technical cooperation with Israel Economy and Industry Minister Orna Barbivay, with both ministers also discussing ways to strengthen trade and economic relations between the Philippines and Israel.