President Ferdinand “Bongbong” Marcos Jr. thought that the Regional Comprehensive Economic Partnership (RCEP) would be good for the country because of the increased trade it would bring to different member economies.
President Ferdinand “Bongbong” Marcos Jr. thought that the Regional Comprehensive Economic Partnership would be good for the country because of the increased trade it would bring to different member economies.
Marcos said this as he brushed off criticisms that the free trade agreement would go against the principle of self-sufficiency.five-day working visit in Japan “I don’t see the logic in that. Actually it will be the contrary because… right now kung wala tayo sa RCEP, hindi natin ma-access ang kanilang mga markets. Iyong mga – lalo na ‘yung mga supply chain na available na ibinigay ngayon sa ASEAN ,” Marcos explained.
RCEP is a free trade agreement between the 10 member states of the Association of Southeast Asian Nations and its five FTA partners: Australia, China, Japan, New Zealand, and the Republic of Korea.
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