Indonesia expects RCEP to be signed in November next year
Indonesia’s Ministry of Trade is expecting that the Regional Comprehensive Economic Partnership (RCEP), a landmark trade deal between ASEAN countries and six major economies, will be signed in November 2020.
Iman Pambagyo, Indonesian Trade Ministry’s director general for international trade negotiations. (Photo: alfijakarta.com)
Jakarta (VNA) – Indonesia’s Ministry of Trade is expecting that the RegionalComprehensive Economic Partnership (RCEP), a landmark trade deal between ASEANcountries and six major economies, will be signed in November 2020.
The Trade Ministry’sdirector general for international trade negotiations, Iman Pambagyo, said the finalisation of the pact, including dealing with technicalities liketranslation, will happen in the first quarter of next year.
It is hopeful that the finalisation process will be done for the agreementto be inked by ministers in November next year, followed by the ratification ineach country, Iman told a press conference earlier this week.
The RCEP Trade Negotiating Committee (TNC) will report results of thenegotiation to ministers of participating countries in early November this year,he said.
The RCEP is a free trade agreement between theAssociation of Southeast Asian Nations (ASEAN) and its six free trade agreementpartners – China, Japan, India, theRepublic of Korea, Australia and New Zealand. Negotiations on the pact began in2012 and were initially expected to be concluded two years later. However, theconclusion has been delayed for many times.
Trade negotiators from the 16 countries have locked hornsover issues concerning the pact's 20 chapters for several years. Six remainingchapters have yet to be agreed on, including trade competition rules, andmeasures to mitigate the negative side-impacts of RCEP.
Once signed, the agreement will create the largest free trade area in theworld, housing about 3.5 billion people and accounting for 30 percent of globalGDP./.
The final round of negotiations for the Regional Comprehensive Economic Partnership (RCEP) – a trade agreement between ten ASEAN member states and their six partners: Australia, China, India, Japan, New Zealand and the Republic of Korea – will focus on resolving issues and reaching mutual ground on market openness, trade freedom for goods and services as well as investment.
Secretary-General of the Association of Southeast Asian Nations (ASEAN) Lim Jock Hoi has expressed his confidence that the Regional Comprehensive Economic Partnership (RCEP) will be completed in principle before Thailand’s chairmanship ends at the end of this year.
Sixteen nations under the Regional Comprehensive Economic Partnership (RCEP) agreement have vowed to conclude negotiations on the free trade agreement by the end of this year, said Thai Commerce Minister Jurin Laksanawisit.
The Japanese administration has shown its support for Thailand in concluding the long-delayed Regional Comprehensive Economic Partnership (RCEP) agreement this year when the kingdom assumes Chair of the Association of Southeast Asian Nations (ASEAN).
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
Iman Pambagyo, Indonesian Trade Ministry’s director general for international trade negotiations. (Photo: alfijakarta.com)
