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Southeast Asian leaders throw weight behind China-led trade pact

Southeast Asian leaders throw weight behind China-led trade pact

13 Sept 15:38 Key points summarised by AI
  • Southeast Asian leaders are determined to accelerate the China-led Regional Comprehensive Economic Partnership (RCEP) trade deal amid economic uncertainties from the US-China trade war.
  • The RCEP, involving 10 ASEAN economies plus five other nations, is seen as China's key mechanism to shape Asia-Pacific trade rules following the US withdrawal from the Trans-Pacific Partnership (TPP).
  • Leaders stress the urgency of implementing RCEP to boost regional trade, despite ongoing concerns from India about market flooding and from Australia/New Zealand regarding labor and environmental safeguards.
  • Beyond trade, the summit also addresses critical regional issues such as South China Sea disputes, the Rohingya crisis, and marine plastic pollution.
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