Wrap-up likely in H1 next year, says Mustapa

New Straits Times - - Business -

KUALA LUMPUR: The Re­gional Com­pre­hen­sive Eco­nomic Part­ner­ship (RCEP) talks are likely to be wrapped up in the first half of 2018, said In­ter­na­tional Trade and In­dus­try Min­is­ter Datuk Seri Mustapa Mo­hamed.

So far, only two of the to­tal 22 chap­ters have been con­cluded.

“With four to five more months to go, it would be chal­leng­ing to com­plete the rest, al­though the ne­go­ti­at­ing teams are try­ing very hard,” he said on the side­lines of a one-day In­tra-Asean in­vest­ment fo­rum at his min­istry.

The 10 Asean mem­ber na­tions and their six part­ners — China, In­dia, South Korea, Ja­pan, Aus­tralia and New Zealand — had pri­ori­tised im­ple­men­ta­tion by this year. The 19th round was con­cluded in Hy­der­abad last month and the last round for the year is sched­uled to be held in South Korea in Oc­to­ber.

The RCEP has seen 18 rounds of ne­go­ti­a­tions since the first one in Brunei in 2013. Rupa Damodaran

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.