The outspoken and no-nonsense Malaysian prime minister made Asean’s stand very clear – Asean, with its 650 million population is a big global market and does not want to go into a trade war.
“I love your prime minister.” “He is a sharp and outstanding leader” were the responses that came from a cross-section of local and foreign media covering the dialogue session moderated by ASEAN Business Advisory Council chairman Arin Jira. Dr Mahathir’s views were also shared by Chinese premier Li Keqiang, who at the Asean-China Summit had highlighted the need to uphold multilateralism and free trade in the wake of the mounting downward pressure on the global economy and new challenges, China state-owned news agency, Xinhua reported.
The 15-RCEP participating countries - all 10 Asean countries and five non-member states - China, Japan, South Korea, Australia and New Zealand have concluded text-based negotiations for all 20 chapters and essentially all their market access issues; and tasked legal scrubbing by them to commence for signing in 2020.
However without India, an analyst believed it is still the largest to date, albeit reduced in coverage and breadth.
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