Asia-Pacific nations strike deal on RCEP trade pact
상태바
Asia-Pacific nations strike deal on RCEP trade pact
  • Cho kyung-hee
  • 승인 2019.11.05 09:12
  • 댓글 0
이 기사를 공유합니다

ASEAN member states, South Korea and five other countries reached a deal on a mega Asia-Pacific trade pact, known as the Regional Comprehensive Economic Partnership (RCEP), Monday, effectively concluding yearslong negotiations.

The agreement involved the whole 10-member ASEAN bloc and its dialogue partners: South Korea, China, Japan, Australia and New Zealand. But another participating country, India, did not join the deal.

The leaders of the ASEAN member states and its dialogue partners pose for photos at the Regional Comprehensive Economic Partnership (RCEP) summit in Bangkok on Nov. 4, 2019. (Yonhap)

It came at an RCEP summit held in Bangkok as part of annual regional meetings hosted by ASEAN. Indian Prime Minister Narendra Modi attended the session but refused to agree to the deal. India has cited a significant gap over tariffs and other issues in the China-led RCEP.

"Against the backdrop of a fast-changing global environment, the completion of the RCEP negotiations will demonstrate our collective commitment to an open trade and investment environment across the region," their joint statement read. (Yonhap)


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.
주요기사