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Tuesday, April 30, 2024

State puts RCEP pact on fast track

State puts RCEP pact on fast track

Jurin convinced of deal’s benefits

Mr Jurin (centre) attends a seminar on the Regional Comprehensive Economic Partnership trade deal. The pact is projected to created the largest trade bloc in the world.

The government is speeding up the process to enable parliament to approve its signing of the Regional Comprehensive Economic Partnership (RCEP) trade pact, potentially the word’s biggest free trade deal, by February 2021 to pave the way for full ratification within 2021, says Commerce Minister Jurin Laksanawisit.

Seeing the pact as a vital tool for economic recovery and growth, Mr Jurin’s ministry expects free trade among RCEP members to start by the middle of next year, following almost eight years of talks. Mr Jurin…

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