Development, Trade and Foreign Affairs

RCEP (Negotiating)

On Tuesday, November 20, 2012 a ceremony to launch negotiations for the Regional Comprehensive Economic Partnership (RCEP) was held in Phnom Penn, Cambodia. At the ceremony, the ASEAN countries, Japan, China, the Republic of Korea, Australia, New Zealand and India announced the launch of RCEP negotiations. Basically, RCEP countries have a total population of more than 3.5 billion, a total GDP of around $US27 trillion, or 32% of global GDP, and account for about 28% of global trade.

At the launch of negotiations, the leaders of each relevant country adopted the “Guiding Principles and Objectives for Negotiating the RCEP.” The key points of this document are as follows.

  1. Scope of negotiations
    RCEP will cover trade in goods, trade in services, investment, economic and technical cooperation, intellectual property, competition, dispute settlement and other issues.
  2. Commitment levels
    The RCEP will have broader and deeper engagement with significant improvements over the existing ASEAN+1 FTAs, while recognizing the individual and diverse circumstances of the participating countries.
  3. Negotiations for trade in goods
    Negotiations will be built on the existing levels of trade liberalization among participating countries and aim to achieve the high level of tariff liberalization.
  4. Negotiations for trade in services
    Negotiations will cover all areas of services trade, aiming at achieving a comprehensive and high-quality agreement compatible with WTO rules.
  5. Negotiations for investment
    Negotiations will cover the four pillars of promotion, protection, facilitation and liberalization.
  6. Negotiation schedule
    Negotiations will commence in early 2013 and aim to complete by end-2015.
  7. Participating countries
    Participants will be ASEAN members and FTA Partners. After the completion of the negotiations, countries other than the 16 states may join.

RCEP Trade Negotiating Committee Rounds

  • RCEP TNC Round 28, Danang, Sept 2019
  • RCEP TNC Round 27, Zhengzhou, Jun 2019
  • RCEP TNC Round 26, Melbourne, Jul 2019
  • RCEP TNC Round 25, Bali, Feb 2019
  • RCEP TNC Round 24, Auckland, Oct 2018
  • RCEP TNC Round 23, Bangkok, July 2018
  • RCEP TNC Round 22, Singapore, April 2018
  • RCEP TNC Round 21, Yogyakarta, February 2018
  • RCEP TNC Round 20, Incheon, October 2017
  • RCEP TNC Round 19, Hyderabad, July 2017
  • RCEP TNC Round 18, Manila, May 2017
  • RCEP TNC Round 17, Kobe, February-March 2017
  • RCEP TNC Round 16, Jakarta, December 2016
  • RCEP TNC Round 15, Tianjin, October 2016
  • RCEP TNC Round 14, Ho Chi Minh City, August 2016
  • RCEP TNC Round 13, Auckland, June 2016
  • RCEP TNC Round 12, Perth, April 2016
  • RCEP TNC Round 11, Brunei, February 2016
  • RCEP TNC Round 10, Busan, October 2015
  • RCEP TNC Round 9, Nay Pyi Taw, August 2015
  • RCEP TNC Round 8, Kyoto, June 2015
  • RCEP TNC Round 7, Bangkok, February 2015
  • RCEP TNC Round 6, New Delhi, December 2014
  • RCEP TNC Round 5, Singapore, June 2014
  • RCEP TNC Round 4, Nanning, April 2014
  • RCEP TNC Round 3, Kuala Lumpur, January 2014
  • RCEP TNC Round 2, Brisbane, September 2013
  • RCEP TNC Round 1, Brunei, May 2013

RCEP Ministerial Meeting

  • Intersessional RCEP Ministerial Meeting, Bangkok, Oct 2019
  • Intersessional RCEP Ministerial Meeting, Jakarta, Aug 2019
  • Intersessional RCEP Ministerial Meeting, Beijing, Jul 2019
  • Intersessional RCEP Ministerial Meeting, Bangkok, May 2019
  • Intersessional RCEP Ministerial Meeting, Siem Reap, Feb 2019
  • RCEP Ministerial meeting, Tokyo, July 2018
  • RCEP Ministerial meeting, Singapore, March 2018
  • RCEP Ministerial meeting, Manila, September 2017
  • RCEP Ministerial meeting, Ha Noi, May 2017
  • RCEP Ministerial meeting, Cebu, November 2016
  • RCEP Ministerial Meeting, Kuala Lumpur, August 2015
  • Intersessional RCEP Ministerial Meeting, Kuala Lumpur, July 2015

RCEP Leader’s Summit

  • RCEO Leaders’ Summit, Bangkok, Nov 2019
  • RCEP Leaders’ Summit, Singapore, Nov 2018
  • RCEP Leaders’ Summit, Manila, Nov 2017






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