Europe News Desk!!! Benito Techico, Special Envoy of the Philippine President for Trade, Investment and Tourism with China, recently said that RCEP will provide new opportunities for cooperation to the Philippines for economic revival and development. The Senate of the Congress of the Philippines is reported to have passed the RCEP ratification letter on February 21. This removed the final hurdle for RCEP to take effect in the Philippines. Benito Techico said that this will open a new door of competition for the Philippines. This is not only beneficial to the development of the Philippines’ agriculture, service industry and tourism, etc., but also will increase the innovation vitality of domestic enterprises. Benito Techico said that China is an important partner of RCEP. Economic and trade cooperation between the Philippines and China will open up new opportunities within the framework of the RCEP. Significantly, there are now 15 member countries of RCEP, which include China, Japan, South Korea, Australia, New Zealand and ten ASEAN countries. After coming into effect on 1 January 2022, RCEP became an important center of global economic development.
(Credits- China Media Group, Beijing)
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