Singapore PM Unsure if China-Backed Trade Pact Will Be Finalized This Year

Singapore Prime Minister Lee Hsien Loong said on Wednesday (12/09) that he was not sure if an agreement on major regional trade pact backed by China will be finalized this year. (Reuters Photo/Edgar Su)

By : John Geddie | on 3:00 AM September 13, 2018
Category : International, SE Asia

Hanoi. Singapore Prime Minister Lee Hsien Loong said on Wednesday (12/09) that he was not sure if an agreement on major regional trade pact backed by China will be finalized this year.

Member countries of the Association of Southeast Asian Nations (Asean) are working to finalize terms of the Regional Comprehensive Economic Partnership (RCEP) trade agreement, which also includes China, Australia, India, Japan, South Korea and New Zealand.

"[We] hope to achieve a substantial conclusion to the RCEP by the end of this year, but that is not yet assured," Lee said at a World Economic Forum event in Hanoi.

 
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