Today News
A+ A A-

China cites RP’s key role in Asean

A visiting high-level Chinese delegation led by Vice Premier Wang Yang has underscored the crucial role the Philippines will play in the proposed China-led Regional Comprehensive Economic Partnership (RCEP) agreement.
In his meeting with Duterte Cabinet officials led by Finance Sec. Carlos Dominguez in Davao City, Wang also expressed China’s support for the Philippines’ chairmanship of the Association of Southeast Asian Nations (Asean), which is commemorating its 50th anniversary this year.
According to the Department of Finance (DoF), Wang emphasized during that meeting last week in Davao City that China considers the Asean as a “diplomatic priority” and that the Philippines, as chair of the Asean this year, will “make a big contribution in the regional cooperation.”
“Secretary Dominguez responded that together with China, the Asean can lead growth in the regional economic front that is not only a rapid one but inclusive to all members of society,” the DoF said.
In that meeting, Dominguez also shared the Duterte administration’s optimism on the early conclusion of the talks on the China-led RCEP.
“We look forward to continue the discussions on the promotion of free trade partnership via the Regional Comprehensive Economic Partnership where China is also taking the lead. We are very much optimistic for its early conclusion which would help us further diversify our export markets,” Dominguez said at the meeting.
Wang cited “the Philippines’ irreplaceable role in the discussions of RCEP and highlighted that ‘Asean centrality’ will be crucial in the conclusion of the agreement,” the DoF said.
According to the Asean website, the RCEP negotiations were launched by leaders from the 10 Asean member-states (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam) and six Asean free trade partners (Australia, People’s Republic of China, India, Japan, Republic of Korea and New Zealand) during the 21st Asean Summit and Related Summits in Phnom Penh, Cambodia in November 2012.
Its membership of 16 Asian countries account for almost half of the world’s population, almost 30 percent of global GDP and over a quarter of world exports.
It covers trade in goods and services, investment, economic and technical cooperation, intellectual property rights, competition policy, and dispute settlement, among other issues. It does not cover labor, environment and state-owned enterprises.

1 comment

  • Rico Ostling

    Really Great list and I find useful information about how WordPress helps to build the big brands on the internet. Before reading this article I’m not aware of using WordPress CMS for big enterprises. But now I will recommend to my big enterprise clients.

    Rico Ostling Tuesday, 21 March 2017 08:42 Comment Link

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Commentaries

Bias shows too clearly

23-04-2017 Ninez Cacho-Olivares

Bias shows too clearly

Forget international media and human rights reports whe...

S. Sudan war strains Uganda’s refugee po…

23-04-2017 AFP and Tribune Wires

S. Sudan war strains Uganda’s refugee policy

YUMBE, Uganda — Ugandan motorbike taxi driver Sadiq Ago...

‘Consumers suffer as SKYcable, Solar sq…

23-04-2017 Louie Logarta

‘Consumers suffer as SKYcable,  Solar squabble over money’

The Supreme Court has heeded the prayers of thousands o...

Vatican City State, Europe

23-04-2017 Archbishop Oscar V.Cruz

Vatican City State, Europe

For the sake of right information and proper knowledge,...

President Duterte, the mouthpiece.

23-04-2017 Larry Faraon

President Duterte, the mouthpiece.

The anger of President Rodrigo Duterte against the two ...

Reindeer at risk from Arctic hot spell

23-04-2017 AFP and Tribune Wires

Reindeer at risk from Arctic hot spell

KAUTOKEINO, Norway — Winter temperatures in Norway’s La...

Business

Headlines

Nation

Metro

Sports

Life Style

Etcetera

Motoring

business

Copyright 2000-2012 All rights reserved, The Daily Tribune Publishing Inc.