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Vietnam backs finalization of RCEP in 2017

Speeding up negotiations to finalize the Regional Comprehensive Economic Partnership (RCEP) was the aim of the third Inter-sessional Ministerial Meeting of the Regional Comprehensive Economic Partnership (RCEP) on May 22 in Hanoi.

The event was attended by representatives from the 10 ASEAN nations and their partners, including Australia, China, South Korea, India, Japan, and New Zealand.

Minister of Industry and Trade Tran Tuan Anh expressed his belief that the agreement will enable micro, small, and medium regional businesses to operate more efficiently, approach new resources, make the best of their strengths, and better involve in the regional value chain. 

The Minister said Vietnam supports the completion of RCEP negotiations this year and suggested that related parties promote bilateral negotiations on market opening.

At the meeting, participants agreed that the finalization of RCEP negotiations will give a clear message on door-opening policy and economic integration of regional countries, thus helping increase the attraction of RECP economies.

May 22, 2017

Source: VOV

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