Hong Kong, Sri Lanka, Chile and Bangladesh are seeking to join the China-backed Regional Comprehensive Economic Partnership (RECEP), the world's largest trade bloc, Southeast Asian officials said on Thursday (25 September).
The RCEP currently consists of China, Japan, South Korea, Australia, New Zealand and all ten members of the Association of Southeast Asian Nations.
RCEP officials, who are meeting on the sidelines of a gathering of ASEAN trade and economic ministers in Malaysia this week, said they had few objections to accepting new applicants and will work towards bringing the four economies into the bloc.
"We are of course in support of any countries that are willing to join the RCEP," Indonesia's Vice Minister of Trade Dyah Roro Esti Widya Putri told reporters in Kuala Lumpur.
Malaysia's trade minister Tengku Zafrul Aziz said any decision on new RCEP members will be discussed when the bloc's leaders meet for the first time in five years in October.
Some analysts have described the RCEP as a potential buffer against tariffs imposed by the United States, though its provisions are considered weaker than some other regional trade deals due to competing interests among its members.
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Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissioner, Yana Lantratova, has said.
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissioner, Yana Lantratova, has said.
At least nine people have been killed and hundreds of tourists are missing after a massive landslide triggered catastrophic flooding near Nepal’s Himalayan border with China’s Tibet region.
Instagram Chief Adam Mosseri has acknowledged that few teenagers used Instagram’s “Take a Break” feature before it became a default setting, as Meta faces a major U.S. trial over child safety.
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U.S. President Donald Trump has formally sent a landmark nuclear cooperation agreement with Saudi Arabia to Congress, opening a new phase in a deal that has already sparked debate over nuclear proliferation and Riyadh's ambitions.
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