You are here: Home » PTI Stories » National » News
Business Standard

In a first, RCEP summit to kick off at Head of Govt level

Press Trust of India  |  New Delhi 

The commerce ministry today said that for the first time the RCEP summit is taking place at the Head of level in Manila on November 14 to offer guidance to negotiators.

The Regional Comprehensive Economic Partnership (RCEP) is a mega trade pact among 16 countries, which aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights.

"This is for the first time that RCEP Summit is taking place at the Head of level on 14th November 2017 in Manila to give guidance to the negotiators," the ministry said in a tweet.

So far, 20 rounds of negotiations have concluded since 2012.

is aiming to achieve comparable ambition in all key pillars of RCEP negotiations and seek balanced outcomes, it added.

The 16-member bloc RCEP comprises 10 members (Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam) and their six FTA partners India, China, Japan, South Korea, Australia and New Zealand.

Talks for the pact had started in Phnom Penh in November 2012. already has implemented a agreement with the ASEAN, Japan and South Korea.

The country is negotiating similar pacts with Australia and New Zealand.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 10 2017. 23:02 IST