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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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