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Fifth Regional Comprehensive Economic Partnership Ministerial Meeting

The Fifth Regional Comprehensive Economic Partnership (RCEP) Ministerial Meeting will be held in Manila, Philippines on September 10.

The Fifth Regional Comprehensive Economic Partnership (RCEP) Ministerial Meeting will be held in Manila, Philippines on September 10.

From the Japanese side, Mr. Hiroshige Seko, Minister of Economy, Trade and Industry, and officials from relevant ministries will attend the meeting.

In this meeting, the outcomes of the senior official level meetings of the Trade Negotiating Committee, and of the working groups on Trade in Goods, Trade in Services, Investment and others will be reported, and the way forward for future negotiations, amongst others, will be discussed.

Reference

 1. Outline
The Regional Comprehensive Economic Partnership (RCEP) is a proposed wide-area economic partnership, which is under negotiations among ten ASEAN economies and six countries (Japan, China, The Republic of Korea (ROK), Australia, New Zealand, and India; hereinafter referred to as the “FTA partner countries”).
 
2. Background
1) Conventionally, two concepts of economic partnership coexist in the Asian region; those are the Comprehensive Economic Partnership in East Asia (CEPEA; ASEAN +6) proposed by Japan, and the East Asia Free Trade Agreement (EAFTA; ASEAN +3) proposed by China. They have been researched and studied in the private sector or through inter-government efforts.
 
2) In November 2011, in light of these two concepts, the leaders of the ASEAN countries agreed on launching a process for establishing RCEP with its FTA partner countries.
 
3) In November 2012, at the ceremony to launch negotiations for RCEP which was during the ASEAN-related Summit Meetings, leaders of the ASEAN countries and FTA partner countries announced the launch of RCEP negotiations.
 
4) In May 2013, the first negotiation round was held in Brunei Darussalam.
 
5) Participating countries have held seven ministerial meetings, including three intersessional meetings, and 19 negotiation rounds so far.

Release date

September 6, 2017

Division in Charge

Economic Partnership Division, Trade Policy Bureau

Related website

Ministry of Economy, Trade and Industry1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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