Philippine Senate concurs with RCEP ratification
Philippine Senate concurs with RCEP ratification
Feb 21, 2023
gmanetwork.com
The Philippines joins the Regional Comprehensive Economic Partnership or RCEP, the world’s largest trade pact. The Senate votes Tuesday, February 21 to concur with the ratification. Full story: https://www.rappler.com/business/regional-cooperation-economic-partnership-status-house-senate-february-21-2023/ | Rappler | Facebook
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The Regional Comprehensive Economic Partnership or R-CEP is now in full effect for all 15 members. This is after the Philippines ratified the largest free trade deal in the world on Friday. RCEP came into force on the first day of 2022 and is a mega free trade agreement between Asia Pacific nations, involving China, Japan, South Korea, Australia, New Zealand, and the 10 members of the Association of Southeast Asian Nations. The Philippines is the last country to ratify the deal. #RCEP #ChinaEcon
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