Philippines ratifies RCEP trade deal after shift by Marcos

Business groups cheer Senate's approval as step to boost competitiveness

2023022 philippines rcep

A view of Manila's port. The Philippine Senate ratified the free trade agreement after the president advocated for more imports of agricultural products to tame inflation. © Reuters

CLIFF VENZON, Nikkei staff writer

MANILA -- The Philippine Senate has ratified the Regional Comprehensive Economic Partnership, completing the process for participation in the world's biggest free trade agreement.

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