DTI: Political turmoil unlikely to affect Phl-SoKor trade deal
The Philippine Star|December 31, 2024
The impeachment of South Korea's president will not impact its free trade agreement (FTA) with the Philippines that is set to take effect today, according to the Department of Trade and Industry (DTI).
By Brix Lelis

"FTA is officially ratified by both the Philippines and Korea in accordance with our respective processes. Both sides have also notified each other and accepted the entry into force on Dec. 31," Trade Undersecretary Ceferino Rodolfo told reporters over the weekend.

Concerns over the trade deal emerged after South Korea voted to impeach acting president Han Duck-soo, just two weeks after parliament impeached President Yoon Suk Yeol following his short-lived imposition of martial law.

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