Asia-Pacific leaders to negotiate on free trade area | Bangkok Post: news

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Asia-Pacific leaders to negotiate on free trade area

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  • Online news: Asia
  • Writer: AFP and dpa
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PHNOM PENH : Leaders from across the Asia-Pacific region agreed Tuesday to start negotiations early next year to create what would be the largest free-trade area in the world. 

The commitment to negotiate the Regional Comprehensive Economic Partnership (RCEP) was made at the East Asia Summit (EAS) in Phnom Penh by the 10 members of the Association of Southeast Asian Nations (Asean) and potential partners in the region - Australia, China, India, Japan, South Korea and New Zealand.

The countries aim to complete negotiations by the end of 2015, according to a declaration by the participating countries.

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