NONTHABURI - Prime Minister Lee Hsien Loong said on Monday that even though India is not on board the Regional Comprehensive Economic Partnership , the fact that the remaining 15 countries have managed to agree on it was a great achievement."But nevertheless, this is a very major step forward for the RCEP. There was tremendous progress for which we have to thank the negotiators from all of the countries.
"We fully understand and appreciate India's point of view. They have made that decision. We respect that decision." In a Facebook post on Monday night, Minister for Trade and Industry Chan Chun Sing shared that most of the bilateral country-pairings have completed market access negotiations for the RCEP while the remaining few pairs will do so in the next couple of months."All RCEP Participating Countries will work together to resolve these outstanding issues in a mutually satisfactory way."
They also welcomed the launch of negotiations on a Singapore-Australia Digital Economy Agreement last month, and agreed to work towards completing the negotiations by the first quarter of next year.
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