The Philippines ratify RCEP
The Regional Comprehensive Economic Partnership Agreement (RCEP) is a free trade agreement between 15 contracting parties (the ten ASEAN members Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Sin-gapore, Thailand, and Vietnam as well as ASEAN's dialogue partners Australia, China, Japan, South Korea, New Zealand). Thus, RCEP comprises 2.2 billion people, 30 percent of global GDP, and 28 percent of global trade.
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