THE Philippines has signed the second protocol to the Asean-Australia-New Zealand Free Trade Agreement (AANZFTA), which is expected to provide better opportunities for micro, small and medium enterprises (MSMEs) in the Philippines, President Ferdinand Marcos Jr. said on Wednesday.
At the Leaders’ Plenary Session of the Asean-Australia Special Summit in Melbourne, President Marcos said the agreement will improve the access of MSMEs to markets and participation in global value chains, as well as promote the use of e-commerce. Asean is the Association of Southeast Asian Nations.