Friday 15 July 2016

Malaysia wants more concrete measures to realise RCEP

Malaysia hopes more emphasis and concrete measures will be given to realise the Regional Comprehensive Economic Partnership, a free trade agreement between Asean and six member countries of the Asia-Europe Meeting (ASEM).

Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi said when concluded, the agreement offered vast opportunities and possibilities for both Asia and Europe to bring their economic partnership and cooperation to greater heights.

Collectively, the 16 RCEP countries with over three billion people account for about 48.6% of global population and has a combined gross domestic product (GDP) of US$22.68tril or 29.3% of world GDP.

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