August 30, 2018 8:09 AM

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Trade Ministers of 16-member Regional Comprehensive Economic Partnership (RCEP) bloc to meet today in Singapore

Trade Ministers of 16-member Regional Comprehensive Economic Partnership (RCEP) bloc, including India and China are meeting in Singapore today. The two-day meeting will deliberate upon issues hindering the negotiations of the proposed mega trade deal. Minister for Commerce and Industry Suresh Prabhu will attend the meeting. <br />'' <br />''RCEP is a mega trade pact aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights. The meeting is important as the 16-member bloc now needs specific political guidance to move the negotiations further.<br />'' <br />''The bloc comprises 10 ASEAN members , Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam  and their six FTA partners India, China, Japan, South Korea, Australia and New Zealand.<br />'' <br />''The government has set up a four-member Group of Ministers headed by Mr Prabhu to fine tune its strategy on  the RCEP ministerial meet.<br />''<span style="color: #222222;">  </span><br />

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