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RCEP members still bullish on trade deal

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The remaining compliance issues by India will not deter the countries negotiating for the conclusion of the Regional Comprehensive Economic Partnership to uphold the agreement, leaders of the participating countries said.

Participating countries issued a statement during the ASEAN Summit 2019 in Thailand, saying that the economic bloc agreed to help India surmount the difficulties it was facing to comply with the provisions of the partnership.

“India has significant outstanding issues, which remain unresolved. All RCEP participating countries will work together to resolve these outstanding issues in a mutually satisfactory way. India’s final decision will depend on satisfactory resolution of these issues,” the statement said.

The heads of state of the member states of the Association of Southeast Asian Nations  and Australia, China, India, Japan, Korea, and New Zealand, gathered on November 4, 2019 in Bangkok for the 3rd RCEP Summit.

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