{"id":6660,"date":"2019-09-19T00:48:10","date_gmt":"2019-09-19T05:48:10","guid":{"rendered":"https:\/\/www.iisd.org\/itn\/?p=6660"},"modified":"2024-08-09T18:30:16","modified_gmt":"2024-08-09T16:30:16","slug":"rcep-ministers-2019-deal-in-sight-market-access-talks-advancing-swiftly","status":"publish","type":"post","link":"https:\/\/www.iisd.org\/itn\/2019\/09\/19\/rcep-ministers-2019-deal-in-sight-market-access-talks-advancing-swiftly\/","title":{"rendered":"RCEP ministers: 2019 deal in sight, market access talks advancing swiftly"},"content":{"rendered":"\r\n<p class=\"wp-block-paragraph\">Negotiations for the <u><a href=\"https:\/\/www.iisd.org\/itn\/tag\/rcep\/\"><span class='tooltipsall tooltipsincontent classtoolTips35'>RCEP<\/span><\/a><\/u> trade and investment deal should be finalized by the end of 2019 and have seen notable progress on market access negotiations and services-related annexes, according to a statement issued in August by ministers from the 16 countries involved in the process.<\/p>\r\n<p>The 16 countries include all 10 members of <span class='tooltipsall tooltipsincontent classtoolTips15'>ASEAN<\/span>, as well as their <span class='tooltipsall tooltipsincontent classtoolTips70'>FTA<\/span> partners, namely Australia, China, India, Japan, New Zealand and South Korea. RCEP ministers wrapped up their eighth intersessional ministerial meeting on August 3, 2019, in Beijing.<\/p>\r\n<p>Their <u><a href=\"https:\/\/asean.org\/storage\/2019\/08\/RCEPISSLMM8-05-Draft-JMS-FINAL_cln.pdf\">joint media statement<\/a><\/u> afterward highlighted \u201cmutually satisfactory outcomes\u201d for approximately two-thirds of the talks involving market access, without elaborating further. Other advances achieved in recent months include the finalization of talks on financial services, as well as on telecommunications and professional services, all three of which are captured in annexes to the RCEP text.<\/p>\r\n<p>Prior to the meeting, Australian Minister for Trade, Tourism and Investment Simon Birmingham told the local <u><a href=\"https:\/\/trademinister.gov.au\/transcripts\/Pages\/2019\/sb_tr_190802a.aspx\">Radio National<\/a><\/u> station that RCEP talks are seeing \u201creal momentum\u201d and \u201cpolitical will\u201d when it comes to finalizing negotiations in 2019.<\/p>\r\n<p>Looking ahead, other RCEP trade officials have suggested that the deal\u2019s signature could come next year, assuming the negotiations themselves do stick to the 2019 timeframe.<\/p>\r\n<p>\u201cOur progress right now stands at about 60 per cent, as we have finished negotiations on seven out of 20 main issues on the RCEP,\u201d said Thailand\u2019s Deputy Prime Minister and Commerce Minister Jurin Laksanawisit in comments to the <u><a href=\"https:\/\/www.bangkokpost.com\/thailand\/general\/1724547\/rcep-deal-likely-signed-by-mid-2020\">Bangkok Post<\/a><\/u>. The seven issues refer to the number of chapters completed in the overall negotiations, separate from the annexes. Another RCEP ministerial-level meeting is planned for September in the Thai capital city.<\/p>\r\n<!--more--><script type=\"text\/javascript\"> toolTips('.classtoolTips15','Association of Southeast Asian Nations'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips16','Asociaci\u00f3n de Naciones del Sudeste Asi\u00e1tico'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips32','International Institute for Sustainable Development<!--more-->'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips33','Institut international du d\u00e9veloppement durable'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips34','Instituto Internacional para el Desarrollo Sostenible'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips35','Regional Comprehensive Economic Partnership<!--more-->'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips36','Partenariat \u00e9conomique r\u00e9gional global'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips37','Asociaci\u00f3n Econ\u00f3mica Integral Regional'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips60','Investment Treaty News'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips70','free trade agreement'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips104','responsabilit\u00e9 sociale des entreprises'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips106','asociaci\u00f3n p\u00fablica-privada'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips114','Sistema de Tribunales de Inversiones'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script>","protected":false},"excerpt":{"rendered":"<p>Negotiations for the <span class='tooltipsall tooltipsincontent classtoolTips35'>RCEP<\/span> trade and investment deal should be finalized by the end of 2019 and have seen notable progress on market access negotiations and services-related annexes, according to a statement issued in August by ministers from the 16 countries involved in the process.<script type=\"text\/javascript\"> toolTips('.classtoolTips35','Regional Comprehensive Economic Partnership<!--more-->'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips36','Partenariat \u00e9conomique r\u00e9gional global'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips37','Asociaci\u00f3n Econ\u00f3mica Integral Regional'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script><\/p>\n","protected":false},"author":1,"featured_media":15869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[397],"tags":[1983,1929,1954,1963],"class_list":["post-6660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asean","tag-ftas","tag-rcep","tag-trade"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/6660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/comments?post=6660"}],"version-history":[{"count":0,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/6660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media\/15869"}],"wp:attachment":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media?parent=6660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/categories?post=6660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/tags?post=6660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}