Southeast Asian-centered trade pact delayed | Inquirer News
Close  

Southeast Asian-centered trade pact delayed

/ 06:16 PM November 14, 2018

Chinese Premier Li Keqiang smiles as he glances at Asean leaders after delivering his statement at the Asean Plus China Summit in the ongoing 33rd Asean Summit and Related Summits on Nov. 14, 2018 in Singapore.  AP

SINGAPORE — Singapore’s Prime Minister Lee Hsien Loong says a final agreement on a Southeast Asian-centered free trade agreement will be pushed back until 2019.

Lee’s comments Wednesday confirmed earlier expectations that the 16 countries in the plan, called the Regional Comprehensive Economic Partnership, or RCEP, would not meet their goal of finalizing the accord within this year.

ADVERTISEMENT

The plan includes China, India and other major regional economies but not the United States.

Lee says officials have made significant progress but are unable to bridge all their differences.

FEATURED STORIES

He told a meeting of leaders of the countries involved in the RCEP that the accord will send a strong signal about free trade while further delays would mean missed opportunities.

The RCEP would involve 40 percent of world trade. /ee

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: 33rd Asean Summit, free trade agreement, International news, RCEP, Regional Comprehensive Economic Partnership
For feedback, complaints, or inquiries, contact us.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.