Speedy conclusion to RCEP talks will signal Asean's commitment to global trade: Chan Chun Sing

BANGKOK - A speedy conclusion to negotiations for the Regional Comprehensive Economic Partnership will signal Asean’s commitment to the global trading system, Singapore Minister for Trade and Industry Chan Chun Sing said on Saturday during a special meeting among Asean economic ministers on the proposed trade pact.

“I also highlighted that against the current global backdrop of ongoing trade tensions and economic uncertainties, an expeditious conclusion of RCEP will send a strong message of Asean’s commitment to uphold the multilateral and global trading system, and provide reassurance to the business community,” wrote Mr Chan.

But then newly elected US President Donald Trump withdrew American involvement in the TPP in 2017 and began instead scrutinising US trade deficits. Meanwhile, Singapore Foreign Minister Vivian Balakrishnan also held discussions with his Asean counterparts on Saturday. Hostilities have also flared up between the Myanmar military and the Arakan Army, an ethnic Rakhine armed group.

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