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ASEAN, Partners Eye ‘Substantial’ Free Trade Progress by Year-End

Posted September 11, 2017

Under Economic Issues, International Trade Issues

(ABS-CBN News)

Southeast Asian economic ministers hope to reach a “substantial conclusion” of talks for a China-backed free trade deal by the end of the year, a Filipino official said at the end of talks in the Philippine capital.

Association of Southeast Asian Nations countries and their dialogue partners, China, India, Australia, New Zealand, South Korea and Japan will submit their offers by the third week of September based on “key clear parameters” identified in Manila, said Trade Secretary Ramon Lopez.

China is pushing for the Regional Comprehensive Economic Partnership or RCEP as the US pursues a more-inward policy under President Donald Trump, who had sought to review trade deals in the Pacific and North America. Click here to read more.