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Sixth Regional Comprehensive Economic Partnership Intersessional Ministerial Meeting

October 10, 2018

The Sixth Regional Comprehensive Economic Partnership (RCEP) Intersessional Ministerial Meeting will be held on October 13 in Singapore.

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

Aiming for the substantial conclusion of the RCEP negotiations this year, Japan will hold discussions with other RCEP participating countries (RPCs) at the meeting.

1. Outline

The Regional Comprehensive Economic Partnership (RCEP) is a proposed wide-area economic partnership, which is under negotiation between ten ASEAN Member States and six non-ASEAN countries (Japan, China, The Republic of Korea (ROK), Australia, New Zealand, and India; hereinafter referred to as the “FTA partner countries”).

2. Background

 

  1. In November 2012, at the ceremony to launch negotiations for RCEP which was held during the ASEAN-related Summit Meetings, the leaders of ASEAN Member States and FTA partner countries announced the launch of RCEP negotiations.
  2. In November 2017, the RCEP Ministerial Meeting and Summit Meeting were held in the Philippines. At the Summit meeting, the leaders of the RPCs reaffirmed their commitment towards concluding a high-quality RCEP by delivering outcomes in three pillars of market access, rules and cooperation, and agreed to intensify efforts in 2018 to bring RCEP negotiations to their conclusion.
  3. In March 2018, at the Fourth RCEP Intersessional Ministerial Meeting, Minister Seko stated that Japan would support ASEAN in its aims to conclude the negotiations in 2018 as long as a certain level of quality is assured in obtaining balance in terms of market access, rules and cooperation.
  4. In July 2018, Japan, as a non-ASEAN country, hosted the Fifth RCEP Intersessional Ministerial Meeting in Tokyo for the first time in the almost five-year RCEP-negotiation history. Minister Seko co-chaired the meeting with Mr. Chan Chun Sing, Minister for Trade and Industry, Singapore.
  5. In August 2018, the Sixth RCEP Ministerial Meeting was held in Singapore. The RPCs agreed to aim for a substantial conclusion of the RCEP negotiations by achieving the targets of each area described in the Package of Year-End Deliverables.

Division in Charge

Economic Partnership Division, Trade Policy Bureau

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