PH STANDS TO GAIN IN RCEP
While one country is ambivalent in joining the world’s biggest trade pact, 15 countries resolved to seize opportunities that the free trade region will create.
During the 3rd Regional Comprehensive Economic Partnership (RCEP) Leaders’ Summit on 4 November, Indian Prime Minister Narendra Modi stated that it is not possible for India to join RCEP noting its unresolved issues and concerns. The 15 other country leaders, however, expressed optimism that a free trade region will not only enhance economic integration but will create more opportunities for businesses and investors.