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The 12th Round of Negotiation of Regional Comprehensive Economic Partnership (RCEP) Held in Perth

On April 17-29, the 12th round of negotiation of RCEP was held in Perth, Australia. Delegations of 10 ASEAN countries, China, Japan, ROK, Australia, New Zealand, India and the Secretariat of ASEAN attended the meeting. All the parties had in-depth discussion on goods, service, investment, intellectual property, economic and technological cooperation, e-commerce and articles of law. The negotiation has gained positive progress. The 13th round of negotiation will be held on June 12-18, 2016 in Auckland, New Zealand.

RCEP negotiation was officially launched in May 2013. The population of its member countries accounts for 50% of the total world population. And the GDP, trade volume and FDI utilization of the member countries are about one third of the world total. RCEP is the largest FTA negotiation in Asia, and also the FTA negotiation with the biggest membership, largest scale and widest influences that China has ever participated in.

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