Prime Minister Dr Mahathir Mohamad today said it is not easy to conclude the Regional Comprehensive Economic Partnership as an agreement is needed by 16 member countries.
“Multilateral or even bilateral is not easy," said Mahathir, who is leading a Malaysian delegation to the 35th ASEAN Summit in Bangkok, told the Malaysian press. “I am very disappointed with the negotiation of the RCEP. We thought on the first year we should have concluded the negotiations,” he added.The RCEP is a multilateral trade agreement between the 10 member states of Asean - Malaysia, Brunei, Cambodia, Indonesia, Laos, Myanmar, the Philippines, Singapore, Thailand and Vietnam - and its six Free Trade Agreement partners, namely China, Japan, South Korea, Australia, New Zealand and India.
Meanwhile, International Trade and Industry Minister Darell Leiking said matters on the RCEP was generally brought up during the Asean-China and Asean-India Summit today.
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