RCEP to create opportunities for Japanese manufacturers, farmers: minister
The Regional Comprehensive Economic Partnership (RCEP) Agreement will create new opportunities for Japanese manufacturers and farmers, and contribute greatly to increasing Japan’s exports to Asia, Japanese Minister of Economy, Trade and Industry Hiroshi Kajiyama said on November 15.
Prime Minister Yoshihide Suga (L) and Minister of Economy, Trade and Industry Hiroshi Kajiyama attend the online signing ceremony for the RCEP on November 15 at the Prime Minister's Office in Tokyo (Source: Kyodo)
Tokyo (VNA) – The Regional Comprehensive Economic Partnership(RCEP) Agreement will create new opportunities for Japanese manufacturers and farmers, andcontribute greatly to increasing Japan’s exports to Asia, Japanese Minister ofEconomy, Trade and Industry Hiroshi Kajiyama said on November 15.
The 15 signatories are seeking to wrap up domestic proceduresand put the pact into effect “as quickly as possible,” Kajiyama told reporters afterthe deal was signed.
The deal will take effect after ratification by six membersof the Association of Southeast Asian Nations and three of the other countries.
Under the deal, Japan will eliminate 61 percent of tariffson agricultural product imports from ASEAN nations, Australia and New Zealand, 56percent for China, and 49 percent for the Republic of Korea, while maintainingtariffs on five product categories - rice, wheat, dairy products, sugar, andbeef and pork - to protect domestic farmers.
Meanwhile, the other 14 countries will cut tariffs on 92percent of Japanese industrial exports including automobile parts and steelproducts./.
Ministers from 15 countries spanning the Asia-Pacific region on November 15 signed the Regional Comprehensive Economic Partnership (RCEP) Agreement after eight years of talks.
Signatories of the Regional Comprehensive Economic Partnership (RCEP) Agreement affirmed its significance to each country’s economy and regional trade-investment activities following the signing of the pact on November 15.
Thai Prime Minister and Defense Minister Gen. Prayut Chan-o-cha and Singaporean Prime Minister Lee Hsien Loong welcomed the signing of the Regional Comprehensive Economic Partnership (RCEP) Agreement at the virtual 4th RCEP Summit held on November 15.
Singapore will soon ratify the Regional Comprehensive Economic Partnership (RCEP) agreement which was signed by 15 member countries on November 15, said Minister for Trade and Industry Chan Chun Sing.
German newspapers have run articles spotlighting the importance of the Region Comprehensive Economic Partnership (RCEP), especially for economic integration in the Asia-Pacific region.
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Prime Minister Yoshihide Suga (L) and Minister of Economy, Trade and Industry Hiroshi Kajiyama attend the online signing ceremony for the RCEP on November 15 at the Prime Minister's Office in Tokyo (Source: Kyodo) 
