[Ip-health] Bangkok Post: Asian nations agree to seal RCEP in November

Shailly Gupta shailly.gupta at geneva.msf.org
Thu Jun 4 00:08:18 PDT 2015


http://www.bangkokpost.com/business/world/581527/asian-nations-agree-to-seal
-rcep-in-november

Trade officials from 16 Asian nations were confirmed to have agreed to
conclude the Regional Comprehensive Economic Partnership (RCEP) in November.

Since the RECP is seen as being able to rival with the US, Japan-led
Trans-Pacific Strategic Economic Partnership (TPP), all eyes are on whether
China would lead the trade market through the new pact following its
financial influence expansion through the Asian Infrastructure Investment
Bank.

According to data submitted by South Korea's Ministry of Trade Industry and
Energy to the office of a New Politics Alliance for Democracy policymaker Bu
Jwa-hyun Tuesday, the RCEP members finalised the future timeline for
negotiations, the
<http://news.mk.co.kr/english/newsRead.php?sc=30800003&cm=Economy&year=2015&
no=529644&selFlag=sc&relatedcode=&wonNo=&sID=308> MK Business News reported
on Wednesday.

They would hold the eighth round of RCEP negotiations in Kyoto, Japan, from
June 8-13. The ninth round of negotiations in Myanmar in August while the
third economic ministers' meetings will take place in Malaysia in the same
month.

Under the agreement, the final negotiations will be held in South Korea in
October and the RCEP summit slated for November will conclude the agreement,
the report said.

RCEP is a multilateral free trade agreement involving 10 members of the
Association of Southeast Asia Nations, South Korea, China, Japan, Australia,
India and New Zealand, ensuring member nations' trade liberalisation. South
Korea has not joined the TPP, but has been involved in the RCEP as a
negotiating member nation since when the negotiations kicked off in November
2012.

 

 

-------------------------------------

Shailly Gupta

MSF Access Campaign

New Delhi

 




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