Marginalized groups reject RCEP
Marginalized groups reject RCEP
By AIRA MARIE SIGUENZA
Bulatlat.com
MANILA – Twenty senators recently signed the resolution for the ratification of the Regional Comprehensive Economic Partnership (RCEP) even if various sectors reiterated the call to junk it.
The RCEP is the world’s largest free trade agreement among 10 member-states of the Association of Southeast Asian Nations (ASEAN) – Singapore, Thailand, Vietnam, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar and the Philippines – and its five Free Trade Agreement (FTA) partners consisting of Australia, China, Japan, South Korea, and New Zealand.
This agreement is officially the largest trade bloc in the world, even bigger than the World Trade Organization (WTO). It also encompasses 29 percent of the Global Gross Domestic Product (GDP) and 30 percent or more than two billion of the global population.
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