GLOBALink | Philippine officials expect more opportunities as RCEP takes effect|时讯
(资料图片)
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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