The APEC (Asia-Pacific Economic Cooperation) Business Advisory Council (ABAC) Philippines on Tuesday welcomed the recent signing of the Regional Comprehensive Economic Partnership (RCEP) free trade agreement and urged the government to immediately ratify it.

“ABAC Philippines welcomes the signing of the Regional Comprehensive Economic Partnership or the RCEP Agreement by the ten members of the Asean and its five trade partners - Australia, China, Japan, New Zealand and South Korea,” ABAC Philippines said in a statement, referring to the Association of Southeast Asian Nations.

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