Indonesia hopes RCEP will be signed in 2020
(VOVWORLD) - Indonesia hopes that the Regional Comprehensive Economic Partnership (RCEP) will be signed in November, said Iman Panbagyo, Director-General for International Trade Negotiations of the Indonesian Ministry of Trade.
 Trade Minister Agus Suparmanto expects the signing of the Regional Comprehensive Economic Partnership (RCEP) will help economies in the region recover from the economic impacts of the COVID-19 pandemic. (Photo: Tempo.co/Subekti) |
Indonesian Trade Minister Agus Suparmanto said ratifying RCEP would provide hope for regional and global economic recovery following the COVID-19 pandemic.
Indonesia and other RCEP members promised to sign the agreement this year at an online meeting attended by 15 Asia-Pacific ministers, including ministers of Australia, China, Japan, Korea, and New Zealand. The agreement will create the world’s biggest economic bloc, accounting for 30% of global GDP.