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Fifteen Asia-Pacific countries agree on trade pact, India holds back

Published 11/04/2019, 09:24 PM
Updated 11/04/2019, 09:32 PM
Fifteen Asia-Pacific countries agree on trade pact, India holds back

BANGKOK, Nov 4 (Reuters) - Fifteen Asia-Pacific countries
have concluded negotiations for a trade pact that would be among
the world's largest, but India still has "significant
outstanding issues" before it is ready to sign on, the
countries' leaders said on Monday.
A summit of the leaders of the Regional Comprehensive
Economic Partnership (RCEP)left open the door for India to still
join if it can resolve issues before the deal is set to be
signed in 2020.
Fifteen of the 16 prospective RCEP states "have concluded
text-based negotiations for all 20 chapters and essentially all
their market access issues," said the leaders' statement, which
included India.
The RCEP countries include the 10 members of the Association
of Southeast Asian Nations, plus China, Japan, South Korea,
Australia and New Zealand.

(Writing by Kay Johnson, editing by Louise Heavens)

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