Manila, March 18 -- The Philippines is ready to initiate the actual negotiations for a preferential trade agreement (PTA) with India, according to Foreign Affairs Secretary Enrique Manalo.
Manalo is in India to attend the 10th Raisina Dialogue March 17 to 19.
Speaking before the Federation of Indian Chambers of Commerce and Industry (FICCI) on Monday, the Filipino top diplomat said Manila is keen to tap into the USD577 million export potential in India.
"We consider India to hold significant untapped potential as a market for Philippine exports," Manalo was quoted as saying in an FICCI news release on Tuesday.
"We are keen to transition from these scoping exercises to the actual negotiations of a preferential trade agreement that wil...