Tuesday, Dec 12 2017 | Time 06:01 Hrs(IST)
image
  • Macron seeks climate financing after U'S' withdrawal from Paris accord
  • Amnesty accuses EU of abetting migrant rights violations in Libya
  • U'S' military must accept transgender recruits by Jan' 1, judge rules
  • Trump says NY attack highlights need for immigration reform
  • Trump wants to send U'S' astronauts back to moon, someday Mars
  • Turkey, Russia will meet to finalise S-400 defence deal in coming week
  • Iran: Trump's Jerusalem move will hasten Israel's destruction
  • New York suspect had no criminal record in Bangladesh -police
  • Three held at Imphal airport by CISF with 6 gold bars
World Share

RCEP likely to be signed in November next year

Kuala Lumpur, Nov 16 (UNI) The Regional Comprehensive Economic Partnership (RCEP), which involves 16 countries, is expected to be signed in November 2018 during the Association of South-East Asian Nations (ASEAN) Summit and Related Summit in Singapore.
RCEP negotiations have already missed two deadlines.
Malaysian Prime Minister Datuk Seri Najib Tun Razak said the leaders, who met for the first time during the RCEP Summit in Manila on Tuesday, agreed to undertake intensive negotiations to seek a consensus and reduce the gap, with a new target of November 2018.
"So far 20 rounds of negotiations and nine meetings at the ministerial levels have been held," he told Malaysian journalists, reports Bernama news agency.
If realised, the free trade agreement between the 10 ASEAN members and their six dialogue partners -- Australia, China, India, Japan, New Zealand and South Korea - will create the world's largest trading bloc, covering nearly a third of the global economy.
It was officially launched at the 2012 ASEAN Summit in Phnom Penh, Cambodia.
Najib said ASEAN leaders noted that there were several issues regarding market access modality in the tariffs, services sector, investments and regulations which were unresolved which affected the negotiation process.
UNI SRJ SHK 1823
image