Marcos Jr’s incoming admin vows to push for RCEP ratification

THE economic team of the incoming administration of President-elect Ferdinand Romualdez Marcos has vowed to push for the ratification of the Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s largest free trade area representing 30% of the global gross domestic product (GDP).

Bangko Sentral ng Pilipinas Governor Benjamin Diokno, the incoming finance secretary, told a recent local media interview that RCEP “is the first order of business” of the incoming administration.