6th RCEP Inter-Sessional Ministerial Meeting Held In Singapore

The Minister of State for Commerce & Industry and Consumer Affairs, Food and Public Distribution C. R. Chaudhary, attended the 6th RCEP Inter-sessional Ministerial Meeting (IMM) in Singapore. 
The Ministers from 16 RCEP countries met in Singapore to discuss a modern, comprehensive and mutually beneficial economic partnership agreement among ASEAN and ASEAN’s FTA partners. Next round meeting of Trade Negotiating Committee (TNC) is scheduled to be held in Auckland, New Zealand. 
Source- Press Information Bureau (PIB)

Static/Current Takeaways From Above News For IBPS PO Mains Exam 2018:
  • ASEAN stands for Association of Southeast Asian Nations.
  • ASEAN is amongst the fastest growing markets in the world and presents substantial trade and investments opportunities for India. 
  • ASEAN has emerged as the second largest trade partner of India in 2017-18 with bilateral trade valued at US$ 81.33 billion, comprising 10.58% of India’s total trade with the world.