House Speaker Martin Romualdez has led his congressmen-colleagues in expressing their full support for the immediate ratification by the Senate of the Regional Comprehensive Economic Partnership (RCEP) deal.
House Speaker Martin Romualdez has led his congressmen-colleagues in expressing their full support for the immediate ratification by the Senate of the Regional Comprehensive Economic Partnership deal.
They noted that, on Nov. 15, 2021, the Philippines has signed the RCEP Agreement, a trade agreement that covers trade areas for goods, services and investments, sustainable growth, and business environment involving the 10 member states of the Association of Southeast Asian Nations and its five other free trade agreement partners, namely Australia, China, Japan, New Zealand, and Republic of Korea.
Designed as the framework for economic and trade cooperation in the Asia Pacific Region, the RCEP integrates and optimizes the economic and trade rules, including the changing digital landscape that affects intellectual property rights, trade facilitation measures, electronic commerce, and cross-border trade.
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