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).
Prime Minister Prayut Chan-o-cha shakes hands with his Japanese counterpart Shinzo Abe in Tokyo on October 23. (Thai Government House photo)
Bangkok (VNA) - The Japanese administration has shown its supportfor Thailand in concluding the long-delayed Regional Comprehensive EconomicPartnership (RCEP) agreement this year when the kingdom assumes Chair of theAssociation of Southeast Asian Nations (ASEAN).
The Thai Government House announced on October 23 that PM Prayut Chan-o-cha receivedthe backing during a meeting with his Japanese counterpart Shinzo Abe inTokyo, after he flew to Japan to attend the enthronement ceremony of Japanese EmperorNaruhito on October 22.
The announcement said the two leaders agreed on the need to conclude the RCEP,and Tokyo reiterated its support for Thailand to join the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) trade pact.
Thailand hopes attempts by the 10 ASEAN members and six free-trade partners tofinalise the RCEP will be completed in Bangkok next month when Thailand hoststhe 35th ASEAN Summit and related meetings.
The RCEP is a free trade agreement between ASEAN and its six free trade agreementpartners -- China, Japan, India, the Republic of Korea, Australia and NewZealand. Negotiations on the pact began in 2013 and were initially expected tobe concluded two years later. However, the conclusion has been delayed for manytimes.
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./.
Japan and 10 member countries of the Association of Southeast Asian Nations (ASEAN) have recently set up a mechanism to share information about cyber attacks in order to improve efficiency in dealing with this problem.
Vietnamese Prime Minister Nguyen Xuan Phuc has underlined strong commitments of ASEAN in promoting and elevating the strategic partnership and comprehensive cooperation between the grouping and Japan for peace, stability and prosperity of each side as well as the whole region.
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.
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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.
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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.
Prime Minister Prayut Chan-o-cha shakes hands with his Japanese counterpart Shinzo Abe in Tokyo on October 23. (Thai Government House photo) 
