Current AffairsIndia

Piyush Goyal to attend 9th RCEP Intersessional Ministerial Meeting in Thailand


New Delhi, Oct 10 (GCECurrentAffairs) Union Commerce and Industry Minister Piyush Goyal will attend the ninth Regional Comprehensive Economic Partnership (RCEP) Intersessional Ministerial meeting to be held on October 11-12 at Bangkok in Thailand.

Prime Minister Narendra Modi is expected to attend the Summit. The Meeting comes at a crucial stage where the RCEP is scheduled to be announced as concluded in November 2019.

The 28th round of negotiations for RCEP at the expert level which concluded at Da Nang, Vietnam, was held from September 19 – 27. In this round of negotiations, meeting of the Trade Negotiating Committee was held in which senior officials participated in negotiations regarding market access on Trade in Goods, Trade in Services and Investment as well as on other areas like Rules of Origin, Intellectual Property and Electronic Commerce.

Of the 25 chapters, 21 chapters have been concluded. Crucial chapters of Investment, Electronic Commerce, Rules of Origin and Trade Remedies are yet to be settled.

This will be the last Ministerial before the third Leaders Summit to be held on November 4 in Bangkok. Mr Goyal will also hold a series of bilateral meetings with his counterparts from Japan, Singapore, China, Australia and New Zealand during the Bangkok Ministerial.

In preparation for the crucial Bangkok Ministerial round this month, the Commerce and Industry Minister held several consultations with Indian industry for firming up India’s position and for taking into consideration industry concerns and sensitivities, according to an official statement here on Thursday.

Via UNI-India

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