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International relations

Ministers defer agreement on RCEP trade deal to 2019

Asia-Pacific pact risks bogging down as some member nations go to polls

Economic ministers representing members of the Regional Comprehensive Economic Partnership (RCEP) pose for a group photo in Singapore, Nov. 12.    © Kyodo

SINGAPORE -- Economic ministers representing members of the proposed Regional Comprehensive Economic Partnership on Monday postponed the year-end target for reaching a "substantial conclusion" to the free trade deal, throwing its prospects into doubt.

The ministers on Monday gathered in Singapore hoping to resolve sensitive issues, including lowering tariffs, but they failed to reach an agreement. RCEP members are expected to continue the talks next year, but it is now unclear whether a deal can be reached.

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