PH must temper expectations on RCEP

The Regional Comprehensive Economic Partnership (RCEP) free trade agreement (FTA) will benefit participating countries but the Philippines must temper its expectations as the country and other economies in Southeast Asia are already benefiting from existing FTAs, analysts said.

“RCEP was signed but we’ll need for it to be ratified and implemented by all governments of its members,” ING Bank Manila senior economist Nicholas Mapa said.