💨 Abstract

The Philippines is discussing a Preferential Trade Agreement (PTA) with India, with a focus on deepening business ties in sectors such as automotive, battery, IT, pharmaceuticals, health, and agriculture. The Philippines invited India to source nickel for battery manufacturing to diversify away from China, and emphasized the strategic importance of Indian participation in its nickel sector. India is keen to participate in the Philippines' vehicle modernization program.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖