WeChat QR Code

Home>News Center

Asia Pacific trade pact can go on without India 'for the time being:' Malaysian PM Mahathir

2019-06-24 09:47:46       source:CNBC

June 24, 2019


Malaysian Prime Minister Mahathir Mohamad said on Saturday that he’s willing to conclude a mega Asia-Pacific trade agreement without India “for the time being.”


Mahathir was referring to the Regional Comprehensive Economic Partnership, or RCEP, which involves 16 countries in Asia Pacific. Negotiations have been going on since 2013, with one of the major sticking points being India’s reluctance to open up its markets.


A recent report by Nikkei Asian Review said China, growing impatient with the slow progress on RCEP talks, proposed going ahead with just 13 countries — removing India, Australia and New Zealand from the deal.


Read more:

https://www.cnbc.com/2019/06/24/malaysia-mahathir-rcep-can-go-on-without-india-for-the-time-being.html