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

The judicial pot calling the kettle blac…

25-03-2017 Ninez Cacho-Olivares

The judicial pot calling the kettle black

That was strange for a Supreme Court spokesman to talk ...

In Trump land, painful choices await if …

25-03-2017 AFP and Tribune Wires

In Trump land, painful choices await if Obamacare goes

Rogersville, United States — Maribeth Coote says she ha...

Too many ways to skin an LP cat

24-03-2017 Ninez Cacho-Olivares

Too many ways to skin an LP cat

Rody, speaking before the Fiipino community in Thailand...

Muslims suffer year of discrimination af…

24-03-2017 AFP and Tribune Wires

Muslims suffer year of discrimination after Brussels bombs

Brussels, Belgium — Belgian teenager Ahmed is still ree...

Tough legal battle ahead for Leila

23-03-2017 Ninez Cacho-Olivares

Tough legal battle ahead for Leila

Filipinos will be very surprised if the Supreme Court (...

Brexit: The end of a loveless marriage

23-03-2017 AFP and Tribune Wires

Brexit: The end of a loveless marriage

London, United Kingdom — Britain’s relationship with th...

Business

Headlines

Nation

Metro

Sports

Life Style

Etcetera

Motoring

business

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