Australia’s trade relationship with the Philippines is supported by regional free trade agreements and strong people-to-people links. In 2022, two-way trade between the Philippines and Australia was AUD 8.2 billion and two-way total investment was AUD 8.6 billion. More than 250 Australian companies are investing in the Philippines, employing over 44,000 Filipinos, building technology, skills, and knowledge exchange, growing people to people links and facilitating economic growth.
As Strategic Partners, Australia and the Philippines are bolstering our shared economic security and expanding two-way trade and investment. Building on the complementary nature of our two economies, we are helping business take advantage of meaningful market access opportunities, eliminating barriers to trade and investment, fostering a competitive business environment, and pursuing trade facilitation measures to achieve inclusive economic growth for both our countries.