Trade Secretary Ramon Lopez on Friday, Oct. 29 urged the Senate to give its concurrence to the Regional Comprehensive Economic Partnership treaty that he said would prove beneficial to the Philippines.
RCEP, among to Lopez, also means greater market for Philippine exports, greater sourcing for production inputs for Philippine manufacturers, farmers and even micro small medium enterprises. Lopez stressed that the goal of the 15 countries is greater openness, creating friendly environment and encouraging integration of economies provided by a stable and rules-based system of trade.
They, however, said Philippine laws must be simplified so that small, medium enterprises could participate in this trade pact.
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