Saying the country cannot afford to be left behind much further, local and foreign business chambers have expressed support anew for Senate ratification of the RCEP, which top Senate leaders endorsed in plenary last week.
SAYING the country cannot afford to be left behind much further, local and foreign business chambers have expressed support anew for Senate ratification of the Regional Comprehensive Economic Partnership , which top Senate leaders endorsed in plenary last week.
In a letter to Senate President Juan Miguel Zubiri, PCCI President George T. Barcelon said, “RCEP will play a key role in sustaining the Philippines growth trajectory, provide unparalleled opportunities for Philippine businesses and prime the country for further economic growth and development.” Besides the economic advantages, Barcelon highlighted that the Philippine business can “fully” enjoy the opportunities offered by the trade agreement.
Among the economic advantages, the Trade chief said is the preferential treatment arising from “enhanced” market access, wider sourcing of raw materials, among others.
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