Ramon Lopez - Latest News Update, Information, Photos & Videos on Ramon Lopez at Lokmat Times

Malaysian Prime Minister Mahathir Mohamad on Sunday voiced disappointment that the ministerial negotiations held at the 35th ASEAN Summit here had failed to materialise on the long-awaited deal on the world's largest trade pact.A Thai spokeswoman said the deal is unlikely to be signed until February 2020 at the earliest."We don't have a conclusion yet. Commerce ministers are still discussing outstanding issues. The signing is expected around February next year," Thai government spokeswoman Narumon Pinyosinwat told reporters here.Earlier, leaders of the 10-member Association of South East Asian Nations and six other nations, including India, had planned to announce a preliminary deal on Monday. The China-led deal is slated to cover one-third of the global economy.The Philippines' Trade Secretary, Ramon Lopez, told reporters that the deal would not be completed until February because one major country isn't ready.He said the country "which he didn't identify" wanted to "have confirmation before they can totally agree". While Lopez didn't identify the country, reports said that India had made last-minute demands after having earlier agreed to terms of a deal.Lopez said that members would meet in February to sort out "pending issues on market access"."We want them (India) to be in. We want to have them. They are a big economy," Lopez told reporters.Malaysia's Mahathir, said, "I am very disappointed with the negotiation of the RCEP.""We thought (that in) the first year, we should have concluded the negotiations," the New Straits Times quoted him as saying to the Malaysian media here.But Mahathir acknowledged that it is "not easy" for 16 countries to reach an agreement on a pact.Malaysian International Trade and Industry Minister Darell Leiking said the RCEP was discussed during the Asean-China and Asean-India Summit here on Sunday.He said that only one country is still "not clear" on its position, due to sticky issues at home."Most of the terms for the RCEP have been finalised and concluded. Only one country (does not have) 'clear' decision. (we'll) just wait for the leaders' statement tomorrow," Darell added.It is believed that the 16 countries are still unable to agree on the 25-chapter text's four outstanding chapters e-investment, e-commerce, rules of origin, and trade remedies.The RCEP includes the 10 ASEAN countries along with China, India, Japan, South Korea, Australia and New Zealand. Negotiations began in 2012 and were to have been concluded by the end of 2015.Indian Prime Minister Narendra Modi, in an interview with the Bangkok Post, said his country wanted to see a more ambitious approach to trade on services from the RCEP negotiations."We have put forward reasonable proposals in a clear manner and are engaged in negotiations with sincerity," he said.Modi said India wants to see greater ambition on services even as it remains "committed to a comprehensive and balanced outcome" from the RCEP negotiations.India has long pushed for other countries to allow greater movement of labour and services in return for opening its market of more than one billion people to certain goods.China is backing the RCEP as a way to assert its trade dominance in its Asian backyard after Donald Trump pulled the US out of the Trans-Pacific Partnership (TPP) in 2017.In a significant move, Washington has scaled down its delegation to Bangkok this year.In what is being read by some as a snub to ASEAN, the US is being represented by national security adviser Robert O'Brien and commerce chief Wilbur Ross. Vice President Mike Pence attended last year's ASEAN summit in Singapore, and Trump was at the 2017 meeting in the Philippines.( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Ramon LopezFOLLOW

Ramon lopez, Latest News

International :Palestinian caught trying to smuggle sperm out of prison

Tel Aviv [Israel], June 28 (ANI/TPS): A Palestinian detainee at the Ramon Prison in southern Israel was caught by ... ...

Football :"My saves? In the end, they didn't count for anything, so it wasn't a good sign," Juventus goalkeeper Wojciech Szczesny

Sevilla [Spain], May 19 : Juventus got knocked out by Sevilla in a thrilling 2-1 encounter in the UEFA ... ...

Football :UEFA Europa League: Sevilla vanquish Juventus, secures place in final

Sevilla [Spain], May 19 : Spanish club Sevilla defeated Italian Club Juventus 2-1 in the UEFA Europa League Semi-Final ... ...

Politics :S.Korea, Philippines ink free trade deal

Seoul, Oct 26 South Korea has inked a free trade agreement with the Philippines in a move expected ... ...

International :Philippines urge Indian companies to invest in its construction companies

The Philippines Department of Trade and Industry (DTI) on Thursday urged Indian companies to explore possible partnerships with Philippine firms for construction projects, reported Manila Times. ...

International :RCEP trade deal unlikely to be signed on Monday

Chances of the Regional Comprehensive Economic Partnership (RCEP) mega regional free trade deal being signed on Monday appeared to be fading as negotiators from the 16 nations, including India, failed to come to a conclusion on all the sticky issues. ...