
Philippines to set up security, defense dialogue with EU
Manila: The Philippines and the EU agreed on Monday to start a security and defense dialogue to address cyberattacks and foreign interference.
Philippine Foreign Affairs Secretary Enrique Manalo made the announcement with the EU's foreign policy chief, Kaja Kallas, during her visit to Manila.
'Our relationship reaches another significant milestone with our decision to create a security and defense dialogue. This dialogue will provide a mechanism for the Philippines and the European Union to discuss security and defense-related issues with both depth and regularity,' Manalo said during a joint press conference with Kallas.
'We hope that through the security and defense dialogue we will remain proactive and united in addressing emerging security threats and challenges that transcend borders — cyberattacks and foreign interference and manipulation of information to name a few.'
Kallas said the dialogue would address the 'current geopolitical challenges and will foster exchanges and cooperation in security and defense areas, including maritime security.'
The Philippines advanced its defense ties with key EU partners over the weekend at the 22nd Shangri-La Dialogue in Singapore, where Defense Secretary Gilberto Teodoro held a series of bilaterals on the sidelines of the event with his French, Swedish and Lithuanian counterparts.
The new dialogue is part of a partnership and cooperation agreement between the Philippines and the EU which came into effect in 2018.
The inaugural meeting is set to take place in the last quarter of 2025.
The Philippines' top diplomat and the EU's foreign policy chief also committed to advancing talks on a free trade agreement.
'Noting the firm commitment of both sides in advancing negotiations, I expressed the Philippines' hope for the continued support of the EU and its member states toward the early conclusion of negotiations of a comprehensive, balanced, and modern FTA,' Manalo said.
EU and Philippine representatives completed FTA negotiation rounds in October last year and February this year, with the next round expected to take place in Brussels in June.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Arab News
3 hours ago
- Arab News
EU gives Bulgaria green light to adopt euro from start of 2026
'Today, the European Commission concluded that Bulgaria is ready to adopt the euro as of 1 January 2026,' the Commission saidBulgaria has been striving to switch its lev currency to the euro ever since it joined the European Union in 2007BRUSSELS: The European Commission and the European Central Bank gave Bulgaria the go-ahead on Wednesday to adopt the euro currency from the start of 2026, making Bulgaria the 21st country to join the single currency a 'convergence report' describing how Bulgaria's economy dovetails with the rest of the euro zone, the Commission said Bulgaria met the formal criteria needed to adopt the currency now used by 347 million Europeans in 20 countries.'Today, the European Commission concluded that Bulgaria is ready to adopt the euro as of 1 January 2026 – a key milestone that would make it the twenty-first Member State to join the euro area,' the Commission said in a Commission also looked at whether Bulgaria's economy and markets are integrated with the rest of the EU, as well as the trends in the country's balance of a separate report, the ECB also said Bulgaria was ready.'I wish to congratulate Bulgaria on its tremendous dedication to making the adjustments needed,' ECB Executive Board Member Philip Lane said in a has been striving to switch its lev currency to the euro ever since it joined the European Union in 2007. But after such a long wait, many Bulgarians have lost the initial enthusiasm with 50 percent now skeptical about the euro, according to a Eurobarometer poll in May. Some Bulgarians fear the currency switch will drive up prices.'Ensuring price transparency and combating abusive price increases will require a special effort,' EU Economic Commissioner Valdis Dombrovskis told a news conference.'Previous practices and data from other euro area countries demonstrate that this is perfectly achievable, with price increases resulting from previous changeovers having been minimal,' he a member of the euro zone, apart from using euro notes and coins, also means a seat at the European Central Bank's rate-setting Governing positive recommendation from the EU executive arm means that EU leaders will have to endorse it later in June. EU finance ministers will then fix the conversion exchange rate for the Bulgarian lev into the euro in July, leaving the rest of the year for the country to technically prepare for the THE CRITERIATo get the positive recommendation, Bulgaria had to meet the inflation criterion, which says that the euro-candidate cannot have consumer inflation higher than 1.5 percentage points above the three best EU April, the best performers were France with 0.9 percent, Cyprus with 1.4 percent and Denmark with 1.5 percent, which put Bulgaria with its 2.8 percent just within the euro candidate country also cannot be under the EU's disciplinary budget procedure for running a deficit in excess of 3 percent of GDP. Bulgaria meets this criterion with a budget deficit of 3.0 percent in 2024 and 2.8 percent expected in country's public debt of 24.1 percent of GDP in 2024 and 25.1 percent expected in 2025 is well below the maximum level of 60 percent, and its long-term interest rate on bonds is well within the 2 percentage point margin above the rate at which the three best inflation performers Bulgaria had to prove it had a stable exchange rate by staying within a 15 percent margin on either side of a central parity rate in the Exchange Rate Mechanism was easily done because Bulgaria has been running a currency board that fixed the lev to the euro at 1.95583 since the start of the euro currency in euro adoption will come three years after the last euro zone expansion, when Croatia joined the single currency grouping at the start of accession of Bulgaria into the euro zone will leave only six of the 27 EU countries outside the single currency area: Sweden, Poland, Czech Republic, Hungary, Romania and of them have any immediate plans to adopt the euro either for political or because they do not meet the required economic criteria.


Arab News
5 hours ago
- Arab News
NATO defense buildup must ‘outpace Russia': US envoy
BRUSSELS: NATO's push to ramp up defenses must outstrip Russia's rearmament drive as Moscow is already gearing up for its 'next move' beyond Ukraine, the US ambassador to the alliance said Wednesday. The warning came ahead of a meeting of NATO defense ministers Thursday that will seek to forge a deal on hiking military spending for a summit later this month. US President Donald Trump has called on Washington's allies to commit to spending five percent of their GDP on defense. NATO chief Mark Rutte looks on track to secure a compromise deal agreement at the upcoming summit in the Hague for 3.5 percent of GDP on core military spending, and 1.5 percent on broader security-related areas such as infrastructure. 'The urgency of this moment is undeniable as the Russia-Ukraine conflict grinds on, Moscow is already preparing for its next move,' US ambassador Matthew Whitaker told journalists. 'We are already seeing the Kremlin aims to rebuild its military. NATO allies must outpace Russia. We have no other choice. Let me be clear, the time is now.' Whitaker said 'the United States expects every ally to step up with concrete plans, budgets, timelines, deliverables, to meet the five percent target.' 'This is not going to be just a pledge. This is going to be a commitment. Every ally must commit to investing at least five percent of GDP in defense and security, starting now again, this is not a suggestion,' he said. The US envoy said that Washington remained committed to NATO's Article Five mutual defense clause — but expected allies to step up their spending. 'We will defend every inch of allied territory, and we will do it from a position of unmatched strength,' Whitaker said. NATO ministers will sign off at their meeting in Brussels on new capability targets for the weaponry needed to face the threat from Russia. 'We are going to take a huge leap forward,' Rutte said. 'These targets set out what forces and concrete capabilities the allies need.' Rutte said he was 'absolutely, positively convinced' that NATO countries would agree to a new spending deal in The Hague. The NATO chief insisted that the United States 'have made totally clear their commitment to Article Five.' He similarly insisted that Washington remained committed to backing Ukraine despite defense secretary Pete Hegseth skipping a meeting of Kyiv's backers in Brussels on Wednesday.


Al Arabiya
5 hours ago
- Al Arabiya
EU gives Bulgaria green light to adopt Euro in 2026
The EU gave the green light on Wednesday for Bulgaria to adopt the euro from January 1, 2026, meaning it will become the 21st member of the single currency area. The European Commission said that Bulgaria had fulfilled the strict criteria 'intended to ensure that a country is ready to adopt the euro and that its economy is sufficiently prepared to do so.'