Current Affairs

6th RCEP Inter-sessional Ministerial Meeting held in Singapore

The 6th Inter-sessional Ministerial Meeting of Regional Comprehensive Economic Partnership (RCEP) was held in Singapore.
6th RCEP Inter-sessional Ministerial Meeting held in Singapore
  • The meeting was reviewed after 6th RCEP ministerial meeting held in August 2018.
  • In this meeting, all partner countries agreed to finalize trading deal by the end of this year.
  • From Indian side, Minister of State (MoS) for Commerce & Industry and Consumer Affairs, Food and Public Distribution C. R. Chaudhary had attended the meeting.

About Regional Comprehensive Economic Partnership (RCEP):

  • RCEP is a proposed free trade agreement (FTA) or comprehensive regional economic integration agreement between the 10-ASEAN countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam) and its six FTA partners (Australia, New Zealand, India, China, Japan and Korea).
  • The negotiations for this mega trade deal were formally launched at 2012 ASEAN Summit in Cambodia.
  • It aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights under its ambit.
  • Till 2017, 16 RCEP member states accounted for population of 3.4 billion people with total GDP (in terms of PPP) of $49.5 trillion, approximately 38% of the world’s GDP (combined GDPs of China and India makes up more than half that amount) and 29% of world trade.

Question:

Q. Where was the 6th Inter-sessional Ministerial Meeting of Regional Comprehensive Economic Partnership (RCEP) held?
a. Singapore
b. Tokyo
c. New Delhi
d. Seoul
6th RCEP Inter-sessional Ministerial Meeting held in Singapore 6th RCEP Inter-sessional Ministerial Meeting held in Singapore Reviewed by Inderjeet Virdi on October 17, 2018 Rating: 5

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