India and Philippines urged to expedite trade deal negotiations

The Philippines and India should speed up talks for a preferential trade agreement, according to Filipino Foreign Secretary Enrique Manalo. He spoke to Indian business leaders, highlighting the importance of India's involvement in the Philippines' nickel sector. Manalo noted that the Philippines is the largest nickel ore exporter, with most exports currently going to China. He pointed out that India imports significant amounts of nickel and could benefit from diversifying its supply sources. The proposed trade agreement has been under discussion for two years. Manalo emphasized the potential for increased commercial relations and highlighted various sectors for deeper engagement, including automotive, pharmaceuticals, and agriculture.