Late upload: DTI PRESS BRIEFING ON RCED - Regional Comprehensive Economic Partnership | Leader News Philippines

The Regional Comprehensive Economic Partnership (RCEP) agreement came into effect for the Philippines on Friday, marking the entry into force of the RCEP agreement for all 15 members. As the world's largest free trade area, RCEP is a guarantee of multilateral openness among countries. More than 90% of the goods covered by trade will be subject to zero tariffs. The RCEP is important for participating countries to work together to address uncertainties in the international landscape and stabilize

Two years on, RCEP injects strong momentum into regional economic integration and development The Regional Comprehensive Economic Partnership (#RCEP), which entered into force on Jan. 1, 2022, comprises 15 Asia-Pacific countries -- 10 member states of the ASEAN, #China, Japan, the Republic of Korea, Australia, and New Zealand. Over the past two years, regional trade costs have significantly decreased, and the industrial and supply chains have become more closely linked, benefiting an expanding r

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