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RCEP and its impact on PH

ON Nov. 15, 2020, Association of Southeast Asian Nations (Asean) member states and its dialogue partners signed the Regional Comprehensive Economic Partnership (RCEP) agreement that is considered as the largest free trade deal in the world.

The agreement is an economic treaty brokered by the Asean, of which the Philippines is a member, and its dialogue partners — Australia, China, Japan, New Zealand and South Korea.