Philippine Senate ratifies RCEP agreement

The Philippine Senate ratified the Regional Comprehensive Economic Partnership agreement on Tuesday, according to local media reports.

After the RCEP officially took effect on Jan 1 last year, the trade pact enters into force 60 days after a member officially deposits the instruments of ratification, acceptance or approval to the ASEAN Secretariat, the agreement's depositary.

Involving Australia, China, Japan, South Korea, New Zealand and the 10 members of the Association of Southeast Asian Nations--- Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, the RCEP trade pact has so far taken effect in most members. 

liuzhihua@chinadaily.com.cn