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Third Regional Comprehensive Economic Partnership (RCEP) Intersessional Ministerial Meeting

On May 21 and 22, 2017, the Third Regional Comprehensive Economic Partnership (RCEP) Intersessional Ministerial Meeting will be held in Hanoi, Viet Nam.

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

At the meeting, the outcomes from the meetings of the Trade Negotiating Committee, in which senior officials participated, and of the working groups on the Trade in Goods, Trade in Services, Investment and others will be reported, and way forward for future negotiations, etc., 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 six ministerial meetings, including two intersessional meetings, and 18 negotiation rounds so far.

Release date

May 19, 2017

Division in Charge

Economic Partnership Division, Trade Policy Bureau

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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