Philippine Ministry of Trade and Industry plans to submit RCEP approval letter in early April

According to the Philippine Business World on March 29th, Djibouti, Assistant Minister of Trade and Industry and Chief Negotiator of RCEP, stated on Tuesday that the Philippines plans to deposit the RCEP approval document before April 3rd. If successfully submitted, RCEP will take effect for the Philippines by early June. Ji had previously stated that President Marcos would issue a decree containing a timetable for tariff reduction commitments as the basis for the Customs Administration to collect tariffs.