Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

REFILE-Agreement on world's biggest trade deal set for November, Singapore says

Published 02/09/2018, 10:15 pm
Updated 02/09/2018, 10:15 pm
© Reuters.  REFILE-Agreement on world's biggest trade deal set for November, Singapore says

(Fixes naming convention in final paragraph.)

SINGAPORE, Sept 1 (Reuters) - Singapore's trade minister said on Saturday that broad agreement on the world's biggest trade deal should be reached at a summit of leaders from participating nations in the city-state in November, six years since talks began.

Called the Regional Comprehensive Economic Partnership (RCEP), the trade accord includes the 10 members of the Association of Southeast Asian Nations (ASEAN), Australia, India, Japan, South Korea, New Zealand and the world's No.2 economy, China.

The deal does not include the United States, which is locked in a trade spat with China and pulled out of another broad, international trade agreement in 2017 called the Trans-Pacific Partnership (TPP). The White House said on Friday that U.S. President Donald Trump would skip the November gathering of leaders in Singapore.

Asked by Reuters after a meeting of regional economic ministers if participating countries were working towards a deal in time for the mid-November summit, Trade Minister Chan Chun Sing said:

"Yes. We are looking for that broad agreement, that milestone, to be achieved ... when the leaders meet at the end of the year."

However, he said it was not clear when a final deal would be signed.

"As to the next phase of the work, once we have crossed that milestone we will have a clearer idea ... It's a bit too early to say at this point in time," Chan said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.