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Jakarta Post

RCEP talks speed up amid TPP failure

  • Stefani Ribka/Linda Yulisman

    The Jakarta Post

SERPONG, BANTEN   /   Wed, December 7 2016   /  09:24 am

NOT FOR US: Protesters under the umbrella of the Indonesian People Coalition for Economic Justice rally in front of Merdeka Palace in Jakarta on Tuesday. They profoundly reject the Regional Comprehensive Economic Partnership (RCEP) negotiation because the clauses, they say, will pave the way for global investors to dominate the economy and harm state interests as well as public welfare. (JP/Bimo Raharjo)Amid the collapse of the United States-backed Trans-Pacific Partnership (TPP) pact, trade officials from 10 Southeast Asian countries and six key partners started on Tuesday talks on a rival deal with new urgency.

Indonesia, as the host of the 16th round of talks on a Regional Comprehensive Economic Agreement (RCEP), called for a conclusion in 2017 amid a range of contentious issues, including trade in goods and services and investment, as reflected in the previous snail-p...