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Regional Comprehensive Economic Partnership Ministerial Meeting

The Regional Comprehensive Economic Partnership (RCEP) Ministerial Meeting will be held in Manilla, Philippines on November 12.

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

Aiming to build comprehensive, well-balanced and quality relationships under the RCEP, the Japanese side will discuss various matters under negotiation with participating countries in this meeting.

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 the RCEP with its FTA partner countries.
  3. In November 2012, at the ceremony to launch negotiations for the 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 eight ministerial meetings, including three intersessional meetings, and 20 negotiation rounds so far.

Release date

November 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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