Philippine officials expect more opportunities as RCEP takes effect

STORY: Philippine officials expect more opportunities as RCEP takes effect DATELINE: June 4, 2023 LENGTH: 00:02:44 LOCATION: Manila CATEGORY: POLITICS SHOTLIST: 1. various of economic activities in the Philippines 2. SOUNDBITE 1 (English): ALFREDO PASCUAL, Philippine Secretary of Trade and Industry 3. SOUNDBITE 2 (English): MATTHEW MANOTOC, Governor of Ilocos Norte 4. SOUNDBITE 3 (English): MATTHEW MANOTOC, Governor of Ilocos Norte STORYLINE: The Regional Comprehensive Economic Partnership (RCEP) enters into force for the Philippines on Friday, officially allowing the Southeast Asian country to participate in the world's biggest free trade agreement. Alfredo Pascual, Philippine secretary of Trade and Industry, said the Southeast Asian country will encourage the business sector to fully tap into the potentials of the RCEP. SOUNDBITE 1 (English): ALFREDO PASCUAL, Philippine Secretary of Trade and Industry "RCEP provides a framework of rules and disciplines to guarantee regulatory coherence, fostering an en