News Reader.info

Malaysian Prime Minister Mohd Najib Tun Abdul Razak today asked the RCEP members including India to instruct their negotiators to try to conclude the talks for the mega trade deal latest by

early next year. Malaysian Prime Minister Mohd Najib Tun Abdul Razak today asked the RCEP members including India to instruct their negotiators to try to conclude the talks for the mega

trade deal latest by early next year. Razak also invited Indian companies to explore investment opportunities in Malaysia as it holds huge potential in several sectors. Emphasising on the

importance of free trade, he said this is the more relevant time to conclude the RCEP (Regional Comprehensive Economic Partnership) agreement as TPP is now buried. "We should give

instructions to our negotiators to try to conclude RCEP by end of this year or at a very latest early next year. I hope this time table can be achieved," he said while addressing

industry leaders here. The RCEP aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights. The talks for the pact started

in Phnom Penh in November 2012. The 16 countries account for over a quarter of the world's economy, estimated to be more than USD 75 trillion. The 16-member RCEP comprises 10 ASEAN

members (Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam) and their 6 FTA partners -- India, China, Japan, South Korea, Australia and

New Zealand. Earlier, as many as 36 MoUs envisaging an investment of USD 36 billion were singed in presence of Prime Minister Narendra Modi and Commerce Minister Nirmala Sitharaman. (This

article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)