August 25, 2020
On August 27, 2020, the Eighth Regional Comprehensive Economic Partnership (RCEP) Ministerial Meeting will be held via video conference. As a representative of Japan, Mr. Kajiyama Hiroshi, Minister of Economy, Trade and Industry, will attend the meeting.
At the meeting, in light of the Joint Leaders’ Statement issued in November 2019, participating ministers will confirm the current status of negotiations on remaining issues and discuss the way forward of the negotiation, amongst others.
Overview of the RCEP
The Regional Comprehensive Economic Partnership (RCEP) is a proposed wide-area economic partnership under negotiations among ten ASEAN member states and six countries (Japan, China, The Republic of Korea (ROK), Australia, New Zealand, and India; hereinafter referred to as the “FTA partner countries”).
In November 2012, at the ceremony to launch negotiations for the RCEP which was held during the ASEAN-related Summit Meetings, the leaders of the ASEAN member states and FTA partner countries announced the launch of RCEP negotiations. In May 2013, the first negotiation round was held in Brunei Darussalam. As of August 25, 20 ministerial meetings and 31 negotiation rounds have been held.
In November 2018, the second RCEP summit meeting was held. As an outcome, the leaders issued the Joint Leaders’ Statement, welcomed the substantial progress in the RCEP negotiations in 2018, and presented a resolution to conclude the RCEP negotiations in 2019.
In November 2019, the third RCEP summit meeting was held. In the Joint Leaders’ Statement issued at the meeting, the leaders stated that they noted that 15 RCEP Participating Countries have concluded text-based negotiations for all 20 chapters and essentially all their market access issues and tasked legal scrubbing by them to commence for signing in 2020, and they also confirmed that all RCEP Participating Countries will work together to resolve India’s outstanding issues in a mutually satisfactory way.
- In June 2020, the Tenth RCEP Intersessional Ministerial Meeting was held. In the Joint Statement, the ministers reaffirmed their commitment to sign the RCEP Agreement in 2020 and that RCEP remains open for India.
Division in Charge
Economic Partnership Division, Trade Policy Bureau