Asia-Pacific nations pledge to seek early conclusion of RCEP deal

2018-07-02 02:34:38 GMT2018-07-02 10:34:38(Beijing Time) Xinhua English
Trade ministers and representatives pose for group photos in Tokyo, Japan, July 1, 2018. Trade ministers and representatives from 16 Asia-Pacific countries have agreed to seek an early conclusion of the Regional Comprehensive Economic Partnership (RCEP) deal at their fifth intersessional ministerial meeting that wrapped up here on Sunday. (Xinhua) Trade ministers and representatives pose for group photos in Tokyo, Japan, July 1, 2018. Trade ministers and representatives from 16 Asia-Pacific countries have agreed to seek an early conclusion of the Regional Comprehensive Economic Partnership (RCEP) deal at their fifth intersessional ministerial meeting that wrapped up here on Sunday. (Xinhua)

TOKYO, July 1 (Xinhua) -- Trade ministers and representativesfrom 16 Asia-Pacific countries have agreed to seek an earlyconclusion of the Regional Comprehensive Economic Partnership(RCEP) deal at their fifth intersessional ministerial meeting thatwrapped up here on Sunday.

During the two-day meeting, trade representatives from China,Australia, India, Japan, South Korea, New Zealand and theAssociation of Southeast Asian Nations (ASEAN), had in-depthdiscussions on issues such as trade, service, investment and rulesat the meeting.

A joint media statement was released after the meeting, whichrecognized the importance of swiftly and successfully concludingthe RCEP negotiations in view of the current global tradeenvironment which faces serious risks from unilateral trade actionsand reactions.

Participants of the meeting reaffirmed their resolve to worktogether and see through the RCEP negotiations towards conclusion,and to achieve an agreement that will benefit all sides.

They welcomed the progress made by the negotiators across allareas and tasked negotiators to focus efforts towards achieving apackage of year-end outcomes.

Vice minister of China's Ministry of Commerce Wang Shouwenattended the meeting with officials from Chinese NationalDevelopment and Reform Commission, Ministry of Industry andInformation Technology, Ministry of Finance and GeneralAdministration of Customs.

Wang said that the meeting helps providing clear guidance to thenegotiations to be held later this year, so as to promote an earlyconclusion of the RCEP negotiations.

China firmly supports ASEAN's core status during thenegotiations, and is willing to continue to play a constructiverole in the negotiations, he said.

Wang also held talks with the secretary general of ASEAN andchiefs of some delegations on the sidelines of the meeting.Enditem

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