Cambodia will host the Seventh Regional Comprehensive Economic Partnership Intersessional Ministerial Meeting next month to discuss negotiations over issues of market access for goods, services, and investment and provide guidance to negotiators.
Prime Minister Hun Sen has called on all Asean member states to speed up negotiations for RCEP after President Donald Trump withdrew the United States participation from the Trans-Pacific Partnership (TPP) shortly after coming to office.
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“India in particular has posed problems in terms of embracing the liberalisation agenda,” he said. “Political will is the key factor to concluding RCEP, while competition, intellectual property rights and rules of origin are also the main issues.”
The RCEP can transform the region into an integrated market comprising more than three billion people with a combined GDP of about $19.78 trillion, according to Asean’s official website.
The Seventh Regional Comprehensive Economic Partnership Intersessional Ministerial Meeting will take place in Siem Reap on March 2-3.
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