Philippines Senate ratifies entry to RCEP; world's largest trade pact : vimarsana.com

In a hope to secure better market access, Philippine Senate on Tuesday ratified the nation's entry into the world’s biggest free trade bloc, Regional Comprehensive Economic Partnership (RCEP). 

RCEP is a regional free trade agreement which entered into force on 1 January 2022 originally with 10 parties, namely, Australia, Brunei Darussalam, Cambodia, China, Japan, Laos, New Zealand, Singapore, Thailand and Vietnam. The grouping then entered into force for the Republic of Korea on 1 February 2022, for Malaysia on 18 March 2022 and for Indonesia on 2 January 2023. 

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