SINGAPORE - Singapore and other stakeholders have reiterated their commitment to sign the Regional Comprehensive Economic Partnership mega-trade deal this year, even as the deadly novel coronavirus pandemic throws the global economy into disarray.
That's according to a statement on Tuesday from Australia, China, Japan, South Korea, New Zealand and the 10-member Association of Southeast Asian Nations , which includes Singapore. After India's departure from the negotiating table, Singapore Minister-in-charge of Trade Relations S. Iswaran called for other parties to "keep the door open for India to come in at the appropriate time, but without compromising the disciplines and protocols that we have all agreed to".
The RCEP participants also said that, with the Covid-19 pandemic posing"an unprecedented challenge for trade, investment and global supply chains", they have agreed to enhance cooperation and coordination to enable recovery and growth after the crisis.
Source: News Formal (newsformal.com)
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