Union Minister for Investment and Foreign Economic Relations U Thaung Tun yesterday attended the 10th Regional Comprehensive Economic Partnership (RCEP) Intersessional Ministerial Meeting via videoconference.
The meeting was chaired by Mr Trần Tuần Anh, Viet Nam’s Minister for Industry and Trade, and co-chaired by Ms Myung Hee Yoo, Korea’s Minister for Trade, Industry and Energy. Economic Ministers from 10 ASEAN Member States and ASEAN FTA Partner countries — Australia, China, Japan, Korea, and New Zealand, and the ASEAN Secretary-General participated in the meeting.
The Ministers reaffirmed their commitments to sign the RCEP Agreement in 2020 as instructed by the Leaders at the 3rd RCEP Summit which was held in November 2019.
At the meeting, the RCEP Trade Negotiation Committee (TNC) Chair presented the TNC Report to Ministers regarding with the signing of RCEP Agreement in 2020. The report included the progress of RCEP negotiations resulted from RCEP TNC Meetings and the remaining issues seeking for the Ministers’ guidance. The Ministers noted the report and tasked TNC for way forward to settle down all the remaining issues.
The Union Minister reaffirmed Myanmar’s commitment to sign the RCEP Agreement in 2020 and expressed his thanks to the Trade Negotiation Committee and relevant working groups for their continuous efforts to get significant progress resulted from the Virtual meetings during the COVID-19 pandemic. He highlighted the importance of conclusion of the RCEP in November this year particularly as the global economy is facing severe challenges due to the COVID-19 pandemic. He said that the signing of the RCEP would reflect the strong and resilient regional commitment to maintain the global rules-based multilateral trading system. He also encouraged all RCEP participating countries to show their utmost flexibility to resolve the outstanding issues.
The Ministers adopted the Joint Media Statement of the 10th Intersessional RCEP Ministerial Meeting.
U Than Aung Kyaw, Myanmar RCEP TNC Lead, Director-General for Foreign Economic Relations Department and other senior officials supported the Union Minister’s participation in the meeting.—MNA