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Jakarta Post

RCEP negotiators conclude 2nd chapter

  • Stefani Ribka and Linda Yulisman

    The Jakarta Post

Tangerang, Banten   /   Sat, December 10 2016   /  09:57 am

The 16th round of Regional Comprehensive Economic Partnership (RCEP) negotiations has officially finished, after four days of negotiation meetings attended by more than 600 delegates from 16 participating countries.

One chapter, on small and medium enterprises (SMEs), has been resolved, marking the second chapter the trade pact has reached since its kick off in 2012. The previous chapter, on economic and technical cooperation, took 15 rounds of negotiations to conclude.

“The chapter on SMEs has been settled, while the others are still in process,” said RCEP trade negotiating committee chief Iman Pambagyo on Friday.

Significant progress has been reported on the competition policy while other sections, like goods, services, investments, intellectual property rights (IPR) and movement of labor, are in process. The section discussions will resume in the next round, s...