Home / Shipping / Aviation/ Singapore PM says RCEP a historic opportunity to boost trade between India, ASEAN

Singapore PM says RCEP a historic opportunity to boost trade between India, ASEAN

Comments / {{hitsCtrl.values.hits}} Views / Monday, 29 January 2018 00:00

Reuters: Singapore’s Prime Minister, Lee Hsien Loong last week said the Regional Comprehensive Economic Partnership (RCEP) presented a historic opportunity for India and ASEAN to enhance their trade and business ties.

Singapore Prime Minister Lee Hsien Loong and his Indian counterpart Narendra Modi shake hands during a photo opportunity ahead of their meeting at Hyderabad House in New Delhi, -  Reuters

Lee made the comments during the plenary session of the Association of Southeast Asian Regional Cooperation (ASEAN) -India Commemorative summit in New Delhi.

He said the China-backed trade pact had the potential to establish world’s largest trading bloc that will help business harness the region’s true potential.

RCEP is a proposed Free Trade Agreement (FTA) between the 10 ASEAN nations and its six dialogue partners - China, India, Japan, South Korea, Australia and New Zealand.

Reportedly, negotiations are running two years behind schedule for the agreement which covers goods, services, investment, economic and technical co-operation, and intellectual property rights.

Share This Article


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Reaching global quality standards through Deming Award

Wednesday, 21 November 2018

The importance of quality in the contemporary competitive business environment cannot be over-emphasised. Total Quality Management (TQM)is a company-wide, all pervasive management philosophy, which organisations globally, in many business sectors hav

Ramsar accreditation of Colombo Wetlands: Rebranding Colombo as a Wetland City

Wednesday, 21 November 2018

Colombo, once known to be “kolonthota,” has always been identified as a wetland complex at the heart of the Kelani river delta. Today this city is increasingly drying up, with around 20 sq km left as wetlands which continue to be threatened every

Coup Sri Lanka: some winners, mostly losers

Wednesday, 21 November 2018

As a president proves shockingly stubborn, a nation waits with baited breath as to what His Excellency the loose cannon on a rocky slope will do next. Two Prime Ministers and the fates of their respective parliamentary groups hang in the balance lik

Rising dollar and bank NPA, brothers in arms?

Wednesday, 21 November 2018

The rising Non-Performing Advances (NPA/NPAs) is a matter of concern to the entire financial industry. It is a nightmare. The weekend papers have published some articles based on interviews journalists conducted with respective bank CEOs and also bas

Columnists More