MANILA, Philippines: The Philippines 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 Wednesday.

During his intervention at the Leaders' Plenary Session at the Asean-Australia Special Summit in Melbourne, Marcos said the agreement will improve their access to markets and participation in the global value chains, as well as promoting the use of e-commerce.