Talks on China-led regional trade deal "80-85 percent" complete - Indonesia

Image
Reuters JAKARTA
Last Updated : Oct 23 2018 | 12:05 PM IST

JAKARTA (Reuters) - Indonesian's trade minister said on Tuesday negotiations on a China-led regional trade deal were "80-85 percent" complete and a deal could be signed in early 2019.

The latest round of talks on the Regional Comprehensive Economic Partnership (RCEP), held in Singapore on Oct. 13, saw trade ministers "express a strong will to conclude" an agreement, Indonesia trade minister Enggartiasto Lukita told reporters in Jakarta.

"The remaining issues are about taxes," he said.

Negotiations on the RCEP began in 2012 with the aim of creating a free trade area of several billion people.

The ten-nation Association of Southeast Asian Nations (ASEAN) is participating in the talks along with Australia, China, India, Japan, New Zealand and South Korea.

(Reporting by Bernadette Christina Munthe; Writing by Fanny Potkin; editing by Darren Schuettler)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 23 2018 | 11:59 AM IST

Next Story