Sign up | Log in



Home  >>   Daily News  >>Asean>>Trade>>ASEAN, trading partners agree to set realistic RCEP offers
NEWS UPDATES Asean Affairs    September  12,  2017  

ASEAN, trading partners agree to set realistic RCEP offers

The trading partners crafting the proposed Regional Comprehensive Economic Partnership (RCEP) have agreed to set "more realistic" trade offers, Trade Secretary Ramon M. Lopez said Monday.

"Essentially, we have agreed to adopt a set of key elements," Lopez said in a press briefing on the sidelines of the 49th ASEAN Economic Ministers' and Related Meetings (AEM) in Pasay City.

Lopez currently serves as the chairman of the AEM, in line with the Philippine hosting of ASEAN 2017.

Lopez said the 16 trading partners have agreed to manage their expectations to move forward talks on the free trade deal.

"We have to recalibrate the objectives, the landing zone," he said, noting that all the RCEP trading partners are expected to submit their new trade offers in time for another round of negotiations in October.

RCEP is a free trade agreement among ASEAN member nations—Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, And Vietnam—and their dialogue partners Australia, China, India, Japan, Republic of Korea, and New Zealand.

The trading partners agreed to recalibrate the modalities of services, and the approved percentages of tariff lines, Lopez noted.

"We have to really agree on key parameters if we really want to achieve substantial conclusion moving forward," he said.

"Ministers will go back to their constituents and hopefully have a more acceptable offer when they submit it in a few weeks," he added.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                         September 12, 2017 Subsribe Now !
• VN, Russia aim for $10b trade in 2020  Subcribe: Asean Affairs Global Magazine
• MPMFinance gets $190m in syndicated loan
ASEAN, trading partners agree to set realistic RCEP offers  
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• PHL may source military equipment from Russia
• Derivatives market’s first month a successdded.
Asean Analysis                  August 25,  2017
• Asean Analysis August 25, 2017
Will Trump’s “America First” Result in U.S. Economy Being Left Behind in Asia?
Advertise Your Brand

Asean Stock Watch   September 11,  2017

• Asean Stock Watch-September 11, 2017
The Biweekly Update
• The Biweekly Update  August 25, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand