Philippines seeks banana trade pact review with Japan

Philippine Agriculture Secretary Francisco Tiu Laurel Jr. met with Japanese officials to address the declining market share of Philippine bananas in Japan. He requested a review of the Philippines-Japan Economic Partnership Agreement to improve trade conditions. The Philippines' banana exports to Japan have decreased from 90% of the market in 2012 to 75% in 2024. Japan plans to implement zero tariffs on bananas from other countries by 2028, prompting the Philippines to seek similar treatment. Tiu Laurel's discussions included consultations with banana exporters and importers in Tokyo. The Philippines aims to strengthen its position as Japan's top banana supplier and enhance trade relations amid evolving global economic conditions.