Major breakthrough recorded in RCEP negotiations

Negotiations on the Regional Comprehensive Economic Partnership (RCEP) have made a major breakthrough, according to leaders attending an ASEAN-China, Japan and Republic of Korea leaders meeting in Bangkok on Monday.

Chinese Premier Li Keqiang noted that 15 member states of the RCEP have concluded all text negotiations and essentially all market access negotiations. Mr. Li said this is a major breakthrough in the construction of an East Asia free trade zone, which would boast the largest population, most diverse membership and the greatest potential for development. He added the latest progress will certainly promote the process of regional economic integration, while safeguarding free trade and boosting market confidence. Participants pledged to sign the agreement next year.

Source: VOV5