Commentary: Concluding the high-stakes RCEP in 2019 will need a different approach

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It’s useful to consider alternative approaches for facilitating the conclusion of the negotiations on the Regional Comprehensive Economic ...

in the country itself in March, as well as in India , Indonesia and the Philippines , is likely to lead to a slower pace of negotiations in the first half of the year due to the potential involvement of new ministers post-elections.

Reaching a higher possibility of concluding the RCEP negotiations will therefore require the 16 member countries to reconsider the single undertaking approach taken thus far. A man drives his motorbikes near an election campaign poster in Bangkok, Thailand February 15, 2019. REUTERS/Soe Zeya TunThe history of negotiations in ASEAN shows the use of two other approaches to move cooperation and liberalisation forward. The first is the “minus X approach”.

Likewise, the ASEAN-Korea Trade in Goods Agreement was signed in August 2006 by all ASEAN member states, except Thailand. Thailand subsequently acceded to the ASEAN-Korea Free Trade Agreement in October 2009.

 

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