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MANILA, Philippines — President “Bongbong” Marcos Jr. has approved a proposed Executive Order (EO) operationalizing the Philippines’ tariff commitments under the Regional Comprehensive Economic Partnership Agreement (RCEP).
The China-led Regional Comprehensive Economic Partnership trade deal incame into force last year, five years after the Trump administration pulled out of the Trans-Pacific Partnership trade deal, which includes many of the same countries.
The main drivers, he said, are the Regional Comprehensive Economic Partnership (RCEP) and the Rice Tariffication Law (RTL).
Source: https://businessmirror.com.ph/2023/05/08/mb-member-sees-good-agriculture-yield-in-h1/