Singapore's trade minister said Wednesday he was hopeful that an Asia-wide trade pact, which is backed by China and excludes the United States, could be sealed by the end of the year.
"I think the gaps are narrowing and I think we have a fair chance to get it done this year," Chan told the US-ASEAN Business Council. Singapore, as chairman last year of the Association of Southeast Asian Nations, had pushed hard for the conclusion of RCEP which linking nearly half the world's population including China, India, Japan and Southeast Asia.
China has championed RCEP amid its prolonged trade showdown with US President Donald Trump, a protectionist who has imposed billions of dollars' worth of tariffs as he accuses China of scamming the United States.
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