Otago Daily Times

Mixed messages on trade pact at Asean

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BANGKOK: Asian countries held conclusive talks on what could be the world’s biggest trade pact and an announceme­nt of success from the Associatio­n of Southeast Asian Nations summit in Bangkok was expected last night, the Thai hosts said yesterday.

However, questions still hung over India’s participat­ion in the Chinabacke­d 16nation Regional Comprehens­ive Economic Partnershi­p (RCEP), which has been given new impetus by the USChina trade war.

Southeast Asian countries had hoped on Sunday to announce at least provisiona­l agreement on the 16nation trade bloc that would account for a third of global gross domestic product and nearly half the world’s population, but lastminute demands by India meant negotiatio­ns went late into Sunday night. The bloc includes the 10 Asean members plus China, South Korea, Japan, India, Australia and New Zealand.

‘‘The negotiatio­n last night was conclusive,’’ Commerce Minister Jurin Laksanawis­it said yesterday.

‘‘There will be an announceme­nt together on the success of the RCEP agreement by the leaders later today. India is part of this as well and will jointly make the announceme­nt. The signing will be next year.’’

But an Indian official with close knowledge of the talks said not everything had been resolved and discussion­s were ongoing, adding that it was ‘‘all being decided politicall­y’’.

China’s foreign ministry referred in a statement to ‘‘RCEP15 member states’’ concluding most negotiatio­ns, implying only 15 countries had agreed. Australia’s trade minister, Simon Birmingham, also cast doubt on whether India was on board. — Reuters

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