The FTA (free trade agreement) negotiation (first round) between Philippines and EFTA (European Free Trade Association) – Iceland, Liechtenstein, Norway, and Switzerland was held on 24 to 27 March in Philippines and the second round negotiation is set for June 2015.Both parties were discussing about some important issues – trade in goods and services, investment, intellectual property rights, competition, government procurement, trade and sustainable development, and legal and institutional issues.