In convening talks among the leaders of countries participating in the plan, Singapore Prime Minister Lee Hsien Loong said a final agreement on the deal, which is expected to encompass nearly half the world's population and 40 percent of world trade, will be delayed until Lee's comments confirmed earlier expectations that the 16 countries in the plan, called the Regional Comprehensive Economic Partnership, or RCEP, would not meet their goal of finalizing the accord this year.
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You can help by adding to it. The Japan Times. Protectionism and anti-globalization sentiments are on the rise. The group's significance and importance was strengthened by the Asian Financial Crisis.
The Japan Times. Archived copy as title Articles with Chinese-language external links Articles with short description EngvarB from February Use dmy dates from February Articles needing additional references from January All articles needing additional references Articles to be expanded from June All articles to be expanded Articles using small message boxes. Although these ASEAN national customs and trade authorities co-ordinate among themselves, disputes can arise.