Philippines seen gaining $7 billion in exports from RCEP

Louise Maureen Simeon – The Philippine Star November 23, 2021 | 12:00am MANILA, Philippines — The Regional Comprehensive Economic Partnership (RCEP) is seen providing the Philippines an additional $7 billion in exports by 2030 even amid trade uncertainties. In its latest blog, Manila-based Asian Development Bank (ADB) said the RCEP could be instrumental in helping Asian economies, including the Philippines, recover from the pandemic. Estimates from ADB showed that additional exports may expand 3.7 percent to reach $7 billion by 2030, allowing total exports to hit $184 billion. ADB’s forecast a…

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