RCEP Talks Advance in Telecom, Financal Services

Politics

Melbourne, July 3 (Jiji Press)--Negotiations to conclude the Regional Comprehensive Economic Partnership have advanced in the fields of telecommunications and financial services, Japanese officials said Wednesday.

A total of 16 countries, including Japan, China, India and the 10 member states of the Association of Southeast Asian Nations, confirmed that they will continue efforts to conclude the free trade pact by year-end, at their meeting that ended in Melbourne on Wednesday.

They also agreed that the next round of RCEP talks will take place in Zhengzhou, China, July 22-31, to be followed by a ministerial meeting in Beijing on Aug. 3.

In the meeting in the Australian city, participants discussed rules to facilitate trade. Agreements on the telecommunications and financial service sectors may be struck in the upcoming talks.

Negotiations have already been settled in seven of the 18 sectors covered by the RCEP talks, including assistance to small businesses as well as sanitary and phytosanitary measures.

[Copyright The Jiji Press, Ltd.]

Jiji Press