This Nov. 15, 2020 file photo shows the signing ceremony for the Regional Comprehensive Economic Partnership (RCEP) agreement in Hanoi, Vietnam. That measure is the ratification of the Regional Comprehensive Economic Partnership (RCEP), which went into effect on January 1. President-elect Ferdinand Marcos Jr. has expressed misgivings about the RCEP, suggesting that the government might need "to take another look at it." Without participation in the RCEP, the Philippines will almost certainly fall behind many of its regional peers in trade and investment. The only one that fits that definition as of now is the ratification of the RCEP.

Source: Manila Times June 09, 2022 05:47 UTC