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Jakarta Post

RI, Australia aim to conclude RCEP negotiations in November

  • Norman Harsono

    The Jakarta Post

Jakarta   /   Wed, October 23 2019   /  01:55 am

Indonesia and Australia have expressed optimism that the Regional Comprehensive Economic Partnership (RCEP), a landmark trade deal between ASEAN countries and six major economies, will be concluded in November, with the agreement 82 percent complete.The Trade Ministry’s director general for international trade negotiations, Iman Pambagyo, said negotiators had agreed on 185 of 225 agreements in the deal, with each agreement covering one of three areas, namely investment, services and goods.Thirty-two agreements were in the yellow, which means the negotiators were nearing an agreement, while eight were in the red, meaning negotiators were unable to reach an agreement and thus ministerial-level dialogue was required.Imam said the participating countries aimed to conclude negotiations by November this year and sign the trade deal by the same month next year. In between that time frame, the...