Friday, June 21, 2019

ASEAN seeks conclusion of China-led trade deal this year: Thai PM
Read more at https://www.channelnewsasia.com/news/business/asean-seeks-conclusion-of-china-led-trade-deal-this-year--thai-pm-11649504

21 Jun 2019 04:20PM
Danny Lum
Squabbles with India over access to its giant consumer market - as well as Australia and New Zealand over the lack of 'high quality' labour and environmental standards - have undercut talks in recent months.

Seven of the 18 chapters within the deal have been "concluded", according to the Philippines' Trade Secretary Ramon Lopez.

"We have reached a point to really demand from different negotiating parties to be more realistic, pragmatic," he said, adding the US-China spat should prompt ASEAN to "fast-track" the RCEP deal.

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(1) Wonder if 7 chapters of the RCEP deal have been concluded - can RCEP Phase 1 be launched first?

(2) Can the remainder 11 chapters be put as Phase 2 of RCEP to be launched at a later date?
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