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ASEAN exerts pressure on RCEP partners / Bernie Cahiles-Magkilat.

By: Cahiles-Magkilat, Bernie.
Material type: materialTypeLabelArticleManufacturer: Manila : Manila Bulletin, 2017Description: page B1.Subject(s): ASEANOnline resources: View the Article Scope and content: The 10-ASEAN member countries have come up with a solid stand for a 92 percent tariff liberalization commitment and for its partner countries in the Regional Comprehensive Economic Partnership (RCEP) to agree on at the conclusion of the 49th ASEAN Economic Ministers Meeting and Related Meetings here. This was revealed by Trade and Industry Secretary Ramon M. Lopez, chair of the 49TH ASEAN Economic Ministers Meeting and Related Meetings, at the conclusion of their five-day meeting. “That is a solid ASEAN position, it is a pressure in a way to our partners that ASEAN is solid and that is what we offer in the RCEP key elements for significant outcomes by end of 2017. Hopefully there is a convergence towards that discussion,” he said. Based on their agreement, ASEAN’s partner countries in RCEP are expected to recalibrate their position to come up with realistic ambitions. These include the level of tariffs and products for liberalization and the timetable for the phase in of products for inclusion of products that have been initially excluded. The non-ASEAN partner countries or the six other RCEP member countries such as China, India, Japan, South Korea, Australia, and New Zealand are expected to submit their revised offers on the 22nd this month. This will lead to the trade negotiating committee which be meeting in October in Korea before the Leaders’ Summit in November this year.
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                                News Paper News Paper Main Library: Serials Section
Manila Bulletin September 11, 2017 (Browse shelf) Available NP00037
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The 10-ASEAN member countries have come up with a solid stand for a 92 percent tariff liberalization commitment and for its partner countries in the Regional Comprehensive Economic Partnership (RCEP) to agree on at the conclusion of the 49th ASEAN Economic Ministers Meeting and Related Meetings here.

This was revealed by Trade and Industry Secretary Ramon M. Lopez, chair of the 49TH ASEAN Economic Ministers Meeting and Related Meetings, at the conclusion of their five-day meeting.

“That is a solid ASEAN position, it is a pressure in a way to our partners that ASEAN is solid and that is what we offer in the RCEP key elements for significant outcomes by end of 2017. Hopefully there is a convergence towards that discussion,” he said.

Based on their agreement, ASEAN’s partner countries in RCEP are expected to recalibrate their position to come up with realistic ambitions.

These include the level of tariffs and products for liberalization and the timetable for the phase in of products for inclusion of products that have been initially excluded.

The non-ASEAN partner countries or the six other RCEP member countries such as China, India, Japan, South Korea, Australia, and New Zealand are expected to submit their revised offers on the 22nd this month. This will lead to the trade negotiating committee which be meeting in October in Korea before the Leaders’ Summit in November this year.

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