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Bilateral Trade Nears $4 billion as India‑Philippines Ties Strengthen

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News Analysis IndiaReporter
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July 22, 2026
05:21 PM
Bilateral Trade Nears $4 billion as India‑Philippines Ties Strengthen

New Delhi, July 22 – Ambassador Jose L. Ignacio of the Philippines emphasized that commerce between India and the Philippines has reached a new milestone, with trade volume crossing the $3 billion threshold in 2023 and now closing in on $4 billion. He linked this surge to the strategic partnership cultivated under Prime Minister Narendra Modi’s leadership, which has brought both nations onto a shared development agenda. The ambassador also highlighted revived direct air links after more than a decade, a mutually beneficial visa‑on‑arrival policy that allows Indian visitors to stay up to 14 days without a visa, and a steady rise in tourism flows. These economic and people‑centric advances, he said, reflect the robust foundation for future collaboration.

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