“We reiterate our commitment to strengthening Asean’s partnership with regional partners. We aim to conclude the financial services annex of the Regional Comprehensive Economic Partnership [RCEP] negotiation by the end of 2019,” a joint statement from Asean finance ministers and central bank governors’ meeting read.
The two-day meeting held in Chiang Rai wrapped up on Friday.
Thai Finance Minister Apisak Tantivorawong told the press that Asean members expect the RCEP free-trade agreement to boost trade and investment in the region, compensating for the adverse impacts of trade protectionism.
RCEP comprises the 10-Asean bloc plus Australia, China, Japan, India, New Zealand and South Korea.