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RCEP negotiations make significant headway in Beijing

RCEP negotiations make significant headway in Beijing

13 Sept 14:10 Key points summarised by AI
  • A ministerial meeting in Beijing achieved significant progress in Regional Comprehensive Economic Partnership (RCEP) negotiations.
  • Over two-thirds of bilateral market access negotiations are complete, with consensus reached on more than 80 percent of the agreement's text, including financial, telecommunication, and professional services.
  • China's Minister of Commerce stressed the RCEP's importance for preserving economic globalization and free trade, urging its conclusion within the current year.
  • The RCEP, initiated by ASEAN, is Asia's largest free trade agreement negotiation, encompassing nearly half of the world's population and significant global economic indicators.
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