Prime Minister Witnesses the Signing of the RCEP Agreement

Prime Minister General Prayut Chan-o-cha attended the 4th Regional Comprehensive Economic Partnership (RCEP) Summit via video conference on 15 November 2020, when he witnessed the virtual signing ceremony of the RCEP Agreement.

 

The agreement was signed by 15 RCEP Ministers. Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce, signed the RCEP Agreement for Thailand.

 

Prime Minister Prayut welcomed the conclusion and signing of the agreement and expressed his support for its early implementation to enhance regional competitiveness and investment opportunities, as well as accelerating economic recovery from COVID-19.

 

In addition, the Prime Minister emphasized the importance of India’s participation in RCEP and Thailand’s readiness to cooperate with all partners to bring India back to the RCEP Agreement in the future.

 

The Meeting highlighted the significance of the RCEP Agreement as the world’s largest Free Trade Agreement, covering more than 2.2 billion people and accounting for more than 30 per cent of the global GDP.

 

In this regard, the Meeting agreed to expedite ratification process for the early implementation of the RCEP Agreement. Furthermore, RCEP Leaders also reaffirmed their willingness to continue dialogue with India and emphasized that the RCEP Agreement remains open for India.

 

The Meeting was chaired by Prime Minister of Viet Nam and attended by Leaders from RCEP Participating Countries, including ASEAN Member States, China, Japan, Republic of Korea, Australia, and New Zealand.

 

Source: The Government Public Relations Department