November 13, 2018 6:31 PM

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RCEP Inter-Sessional Ministerial Meeting concludes

<span style="color: #222222;">The two-day RCEP Inter-Sessional Ministerial Meeting concluded in Singapore on Tuesday. </span><br />'' <br />'' <span style="color: #222222;">Commerce and Industry and Civil Aviation Minister Suresh Prabhu led the Indian delegation to the meeting. </span><br />'' <br />'' <span style="color: #222222;">The Ministerial Meeting was held in preparation for the 2nd RCEP Leaders Summit to be held tomorrow in Singapore in which Prime Minister Narendra Modi will be participating. </span><br />'' <span style="color: #222222;">An official release said, the Ministers took stock of the state of negotiations across the various chapters during the meeting. </span><br />'' <br />'' <span style="color: #222222;">Commerce Minister Suresh Prabhu defended India's interests effectively and secured maximum flexibilities. </span><br />'' <br />'' <span style="color: #222222;">India managed to obtain balanced outcomes in the application of the Dispute Settlement Mechanism both in STRACAP and SPS negotiations. India showed flexibility on the principle of 'consensus' in the Institutional Provisions Chapter which helped in its successful conclusion during the meeting. </span><br />'' <br />'' <span style="color: #222222;">The Regional Comprehensive Economic Partnership, RCEP is a mega-regional free trade agreement being negotiated amongst 16 countries, comprising 10 ASEAN countries and six ASEAN Free Trade Agreement partners. The ASEAN countries include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. </span><br />''  <br />

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