Representatives of signatory countries are pictured on screen during the signing ceremony for the Regional Comprehensive Economic Partnership (RCEP) trade pact at the Asean Summit being held online in Hanoi, Vietnam, on Nov. 15, 2020. (AFP photo)

The Philippines and 14 other countries will benefit from the Regional Comprehensive Economic Partnership (RCEP) agreement that was recently signed after eight years of negotiations, a Fitch unit said in a report.

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