Latest Breaking News On - More investments - Page 5 : comparemela.com

Trade Secretary Ramon Lopez MANILA - Trade Secretary Ramon Lopez remains optimistic that the Senate will eventually concur with the country's participation in the Regional Comprehensive Economic Participation (RCEP) when the session resumes this year. This as the upper house failed to concur on RCEP ratification, a document needed by the Philippines to make the trade deal enter into force, as the Senate takes a break starting Friday to give way for the campaign period. "Our participation in RCEP is a matter of time. The Philippines could not afford to miss this. It would be devastating to stay out of the agreement. It will be costly, and we will be missing a lot of opportunities," Lopez said in a statement Thursday. The Philippine Institute for Development Studies (PIDS) earlier presented that the country could miss a 2-percent gross domestic product (GDP) growth if it would not be able to ratify the regional trade deal, and could experience a 0.26-percent decline if the

Ramon lopezAquilino koko pimentelPhilippine institute for development studiesSenate foreign relations committeePublic serviceSecretary ramon lopezRegional comprehensive economic participationPhilippine instituteDevelopment studiesForeign investment actPublic service actTrade secretary ramon lopez manila remains optimistic that the senate will eventually concur with country 39s participation in regional comprehensive economic rcep when session resumes this year as upper house failed to on ratificationA document needed by the philippines to make trade deal enter into forceS the senate takesa break starting friday to give way for campaign period quot our participation in rcep isa matter of time philippines could not afford miss this it would be devastating stay out agreement will costlyNd we will be missinga lot of opportunitiesUot lopez said ina statement thursday the philippine institute for development studies pids earlier presented that country could missa 2 percent gross domestic product gdp growth if it would not be able to ratify regional trade deal