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Japan to hold RCEP Ministerial Meeting in Tokyo on July 1, 2018

On July 1, 2018, Japan will be hold the Fifth Intersessional Ministerial Meeting of the Regional Comprehensive Economic Partnership (RCEP) in Tokyo for negotiations.

The RCEP is a concept of broad regional economic partnership, which is under negotiations among ten ASEAN economies and six countries (Japan, China, ROK, Australia, New Zealand, and India). Japan aims at early conclusion of a comprehensive, well-balanced and quality RCEP. The Ministry of Economy, Trade and Industry (METI) hereby announces that Japan will host an RCEP ministerial meeting in Tokyo on July 1, 2018, based on the approval from all participating countries.
This Tokyo meeting is the ministerial meeting that Japan, a non-ASEAN economy, will host for the first time in the almost five-year history of RCEP-negotiations.

Background

  1. Conventionally, two concepts of economic partnership coexist in the Asian region; 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. In November 2011, in light of these two concepts, the leaders of the ASEAN economies agreed on launching a process for establishing an RCEP with its FTA partner countries.
  2. In November 2012, at the ceremony to launch negotiations for RCEP which was during the ASEAN-related Summit Meetings, leaders of ASEAN countries and FTA partner countries announced the launch of RCEP negotiations.
  3. In May 2013, the first negotiation round was held in Brunei Darussalam.
  4. Participating countries have held ten ministerial meetings, including intersessional meetings, and 22 negotiation rounds so far. At the ASEAN Summit Meeting held in November 2017, leaders reconfirmed their intention to aim at conclusion of quality agreements by setting market access, rules and cooperation as pillars and adopted a joint leaders’ statement in which they instructed negotiators to intensify efforts in 2018 to bring the RCEP negotiations to conclusion.

Release date

May 15, 2018

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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