HONG KONG: Signs are already emerging that the Regional Comprehensive Economic Partnership, or RCEP, could expand beyond the one-third of the world it already covers.
Allan Gepty, assistant secretary for international trade policy and trade negotiation at the Philippines Department of Trade and Industry, who was the country’s lead RCEP negotiator, said eliminating tariffs means “people can have cheaper access to raw materials and intermediate goods necessary for production and manufacturing activities”.
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