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GLOBALink | Philippine officials expect more opportunities as RCEP takes effect|时讯

2023-06-04 16:08:08来源:Xinhua


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MANILA,June4(Xinhua)--TheRegionalComprehensiveEconomicPartnership(RCEP)entersintoforceforthePhilippinesonFriday,officiallyallowingtheSoutheastAsiancountrytoparticipateintheworld"sbiggestfreetradeagreement.

AlfredoPascual,PhilippinesecretaryofTradeandIndustry,saidtheSoutheastAsiancountrywillencouragethebusinesssectortofullytapintothepotentialsoftheRCEP.

MatthewManotoc,governorofthePhilippineprovinceofIlocosNorte,justmadeaweek-longtriptoChinainMay.

HesaidhelooksforwardtomoreinvestmentsinhisprovincefromChina.

TheRCEPagreement,signedby15Asia-Pacificcountries,enteredintoforceonthefirstdayof2022.

ThePhilippineswasthelastcountrytoratifythedeal,whicheasesmarketaccesstocountriesincludingASEANmembers,China,Japan,SouthKorea,Australia,andNewZealand.

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