Chinese Minister of Commerce proposes goal to sign RCEP agreement in 2020
On June 23, the Regional Comprehensive Economic Partnership Agreement (RCEP) held a ministerial video conference. Minister of Commerce Zhong Shan attended and delivered a speech, according to Bejing Daily.
On June 23, the Regional Comprehensive Economic Partnership Agreement (RCEP) held a ministerial video conference and Minister of Commerce Zhong Shan attended and delivered a speech, according to Bejing Daily.
The meeting mentioned that in the context of the current global epidemic, all parties should strengthen their confidence and work together to continue to promote regional economic integration in East Asia and boost regional economic development confidence. It will fully implement the consensus reached at the 3rd RCEP Leaders’ Meeting in November last year regarding the signing of the agreement in 2020.
The meeting comprehensively evaluated the negotiation work, affirmed the substantive progress achieved, and unanimously decided to work hard to promote the signing of the agreement during the year.
Zhong said that RCEP is currently the world’s largest free trade zone, and it is of great significance for all parties to ensure that the RCEP agreement is signed within the year.
RCEP will help Asia-Pacific countries to unite to meet the challenges of the epidemic, reduce the negative impact of the epidemic on the economies of various countries, and add strong momentum to the economic development of the Asia-Pacific region.
Zhong suggested that all parties should resolve the issues left over from negotiations as soon as possible and make every effort to promote the signing of the RCEP agreement during the year.
This meeting was the first ministerial meeting after the 3rd RCEP Leaders’ Meeting announced in November last year that RCEP’s 15 member states had concluded negotiations on the whole.
The meeting was chaired by Vietnam, ASEAN’s rotating presidency, and attended by the ten ASEAN countries and the ministers of economy and trade of China, Japan, South Korea, Australia, and New Zealand, and the ASEAN Secretary-General.