World

ASEAN ministers want considerable progress on RCEP

ASEAN economic ministers have agreed to work for considerable progress on the Regional Comprehensive Economic Partnership (RCEP) to prove ASEAN’s leadership in creating a regional partnership.
ASEAN ministers want considerable progress on RCEP ảnh 1A cashew processing factory in Vietnam (Photo: VNA)

Hanoi (VNA) – ASEAN economic ministers have agreedto work for considerable progress on the Regional Comprehensive EconomicPartnership (RCEP) to prove ASEAN’s leadership in creating a regionalpartnership.

The ministers reached the consensus at a meeting that endedon March 10 in Manila, the Philippines.

Philippine Secretary of Trade and Industry Ramon Lopez, whochaired the event, said the RCEP is believed to shape the future of trade andeconomic liberalisation in Asia.

The RCEP is a large-scale trade deal designed toexpand and solidify commitments among the 10 ASEAN countries and six dialoguepartners including China. It is expected to expand ASEAN’s market from 600million people to 3.5 billion people, accounting for almost half of the globalpopulation.

Talks on the agreement were launched in November2012 in Phnom Penh, Cambodia, and the initial goal is to finish negotiationsbefore the end of 2015. However, this deadline was missed and negotiations areset to be stepped up in 2017 with a view to signing this pact within this year.

At the meeting, the ASEAN ministers also agreedto support the bloc’s agreement on trade in services so as to promote theservice sector’s transparency in the ASEAN Community.-VNA
VNA
#Regional Comprehensive Economic Partnership#RCEP
Follow VietnamPlus

Related News

Chinese FM calls for acceleration of RCEP talks

Chinese FM calls for acceleration of RCEP talks

Chinese Foreign Minister Wang Yi has called for accelerating negotiations on the Regional Comprehensive Economic Partnership (RCEP) to create the Free Trade Area of the Asia-Pacific (FTAAP).
RCEP negotiations begin in Japan

RCEP negotiations begin in Japan

Senior officials from 16 Asia-Pacific countries met in Kobe, Japan on February 27 for the next round of negotiations on the Regional Comprehensive Economic Partnership (RCEP).

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.