Steel industry frets as Govt inches close to signing RCEP

摘要

The steel industry has expressed serious concern with Government inching close to signing Regional Comprehensive Economic Partnership which will open duty-free imports into the country from China. The RCEP is a proposed free trade agreement between the ten member states of the Association of Southeast Asian Nations (ASEAN) countries, China, Japan, India, South Korea, Australia and New Zealand. The negotiations for signing RCEP was formally launched in November 2012 at the ASEAN Summit in Cambodia and is now in the advanced stage of finalisation.