ASEAN Economic Ministers give nods to Regional Comprehensive Economic PartnershipThursday, March 16,2017
AsemconnectVietnam - The 23rd ASEAN Economic Ministers (AEM) Retreat and Related Meetings in the Philippines last week agreed to conclude the results of its talks within this year and work to achieve the goal of lifting duties for 90% of all goods within 15 years.
Under the RCEP, the taxes levied on more than 5,000 items of products will be eradicated within 15 years.
The AEM Retreat and Related Meetings also considered reviving the ASEAN-EU FTA by proposing that a framework for the agreement be submitted to the next ASEAN ministerial meeting, said the minister.
The ASEAN-EU FTA has been halted since 2009.