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Last updated: 13 Nov, 2018  

Prabhu.9.thmb.jpg 'India defends its interests at RCEP meeting'

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SME Times News Bureau | 13 Nov, 2018

India has successfully defended its interests at the recently concluded 7th RCEP Inter-Sessional Ministerial Meeting held in Singapore, said an official release.

The Union Minister for Commerce & Industry Suresh Prabhu, led the Indian delegation to the 7th RCEP Inter-Sessional Ministerial Meeting in Singapore on 12-13 November, 2018.

Commerce Minister defended India’s interests effectively and secured maximum flexibilities. Both in STRACAP and SPS negotiations, India managed to obtain balanced outcomes in the application of the Dispute Settlement Mechanism.

India showed flexibility on the principle of ‘consensus’ in the Institutional Provisions Chapter which helped in its successful conclusion during the meeting. 

On the side lines of the RCEP, Commerce Minister held bilateral meetings with his counterparts from Singapore, China, Japan and New Zealand.

He discussed bilateral issues and progress in RCEP negotiations. He also had pull-aside meetings with Trade Ministers of South Korea, Indonesia, Cambodia, Malaysia, Australia and Philippines to discuss matters of mutual interest. 

The Regional Comprehensive Economic Partnership (RCEP) is a mega regional free trade agreement being negotiated amongst 16 countries, comprising 10 ASEAN countries plus six ASEAN FTA partners.

So far 6 Ministerial Meetings, 7 Inter-Sessional Ministerial Meetings and 24 rounds of the Trade Negotiating Committee at the technical level have been held.

 
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