The Senate failed to concur with the presidential approval of the Regional Comprehensive Economic Partnership agreement or RCEP before it adjourned its final session. Sayang na sayang! This inaction is a symbolic confirmation of why we lag behind some of our forward-thinking neighbors on the expansion of opportunities for trade and productivity to accelerate the economy’s growth. Although the Senate finally delivered on the approval of long-delayed economic reforms to liberalize the laws concerning direct foreign investments into the country, it failed to take action on an instrument that woul…

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