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Economy

RCEP trade agreement delayed till 2018

Japan signs deal with ASEAN covering services and investment

Trade ministers pose for a photo during the Regional Comprehensive Economic Partnership (RCEP) Ministerial Meeting in Manila on Nov. 12.   © Kyodo

MANILA -- The Regional Comprehensive Economic Partnership (RCEP), a proposed trade pact involving 16 countries including China, Japan and the 10 members of the Association of Southeast Asian Nations (ASEAN), will not reach an agreement in 2017, a ministerial meeting in Manila concluded on Nov. 12.

Negotiations began in 2013 will now carry on into 2018. The ministerial meeting was held ahead of a leaders' talk scheduled for Nov. 14 in the Philippine capital.

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