Push for RCEP “convergence” with TPP
12 February 2016
When Trade Minister Andrew Robb signed the TPP he told the Fairfax press that he was now setting his sights on the Regional Comprehensive Economic Partnership (RCEP). The two deals combined would create “a vast trade agreement architecture” for the world, he said.
As RCEP talks continue in Brunei this week, Robb is not the only one pushing for the RCEP and for it to set similar rules as the TPP does.
RCEP includes the 10 ASEAN countries, plus Japan , Korea, India, China, Australia and New Zealand. Japan and Korea, which are both in the TPP, have tabled TPP-like proposals for stronger monopolies on life-saving medicines and inclusion of foreign investor rights to sue governments over domestic legislation (ISDS).