![](http://www.ecns.cn/hd/2023/06/03/530ad988f75445e4b1c6110802c07cee.jpg)
The Regional Comprehensive Economic Partnership (RCEP) entered into force in the Philippines on June 2, signifying that the pact is now effective for all 15 members, a new stage of full implementation for the free trade area with the largest population, largest economic and trade volume in the world.