Senator Miguel Zubiri expressed confidence that the Senate will ratify the Regional Comprehensive Economic Partnership (RCEP) agreement, despite some concerns raised by various sectors. He emphasized that RCEP is a crucial step towards promoting economic integration in the Asia-Pacific region, which will benefit the Philippines in terms of increased trade and investment opportunities.
The Philippines is one of the 15 signatories of the RCEP agreement, which aims to create a single market for goods, services, and investment among the participating countries. The agreement is expected to increase economic growth, reduce poverty, and enhance regional cooperation and integration.