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Economy

RCEP talks make little headway toward year-end conclusion

Ministers narrow market access differences but say 'further improvements' needed

Although RCEP negotiations began in 2013, the 16 Asia-Pacific countries involved became keener this year due to U.S. protectionism and expected collateral damage from the U.S.-China trade war.   © Reuters

SINGAPORE -- The 16 members of the proposed Regional Comprehensive Economic Partnership trade pact on Saturday made some progress in the area of market access at a ministerial meeting in Singapore. But the ministers said further improvements are needed to reach a deal by the end of the year.

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