Meeting seeks to finalise RCEP trade pact

The third Inter-sessional Ministerial Meeting of the Regional Comprehensive Economic Partnership (RCEP) opened in Hanoi on May 22, with the aim to speed up negotiations seeking to finalise the regional trade pact.
Meeting seeks to finalise RCEP trade pact ảnh 1At the meeting (Source: VNA)
Hanoi (VNA) – The third Inter-sessional Ministerial Meeting of the RegionalComprehensive Economic Partnership (RCEP) opened in Hanoi on May 22, with theaim to speed up negotiations seeking to finalise the regional trade pact.

Attendingthe event were representatives from the 10 ASEAN nations and their partners ofAustralia, China, the Republic of Korea, India, Japan and New Zealand.

Minister ofIndustry and Trade Tran Tuan Anh said that the parties involved have exertedefforts to boost negotiations with a hope to expand economic integration on thebasis of the existing positive cooperation between ASEAN and its six partners.

All of themexpect the RCEP will create a stable and unified framework and facilitate thecirculation of products, services and investment in the region.

The ministerbelieved that for enterprises in the region, especially micro, small and mediumones, the agreement will facilitate their more efficient operations, help themapproach new resources, bring their strengths into full play, and intensify theirinvolvement in the regional value chain.

Vietnamsupports the finalisation of RCEP negotiations in 2017, he affirmed, stressingthe need for the related parties to promote bilateral negotiations to reachcommitments on market opening.

At themeeting, participants agreed that concluding RCEP negotiations will deliver a clearand consistent message on door-opening policy and economic integration ofregional countries, thus helping increase the attraction of RECP economies.

Discussionsat the event contributed to narrowing differences in opinions on importantissues and putting forward clear orientations for intensive discussions towardsmaking basic progress in the following negotiation sessions.-VNA
VNA

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