India and Brazil will upgrade their strategic partnership with an “action plan” and sign a bilateral investment treaty.
US President Donald Trump vowed to rip up international trade deals and rebalance America’s global trade relationships.
The ASEAN Secretariat has invited India to participate in a meeting called in Bali on February 3 and 4 on RCEP agreement to sort out concerns of New Delhi.
Given the current ease and widespread access to information as well as the social media-facilitated civil mobilizations across the globe, political elites of the RCEP countries should be consistently mindful of such risk from the grassroot level.
India has a faced a number of claims from foreign investors over the years under the BIT regime. It is presently engaged in over 20 investor-State disputes, with a number of them revolving around retrospective tax claims.
Tensions between India and Pakistan in 2019 have reduced the already low volumes of trade between the two countries to near zero.
Commerce and Industry Minister Piyush Goyal on Thursday said India and the US are in an “advance stage” of dialogue to resolve some of the pressing trade issues.
India and Bangladesh on Thursday held discussions on a joint study for the proposed free trade agreement and harmonisation of standards with a view to boost two-way commerce.
India and Uzbekistan agreed to work towards early conclusion of the Feasibility Study to be jointly conducted by the two sides to begin negotiations for a Preferential Trade Agreement.
Even though the government has decided to stay out of the world’s largest trade block RCEP, it offers a market potential of USD 125 billion if domestic firms improve competitiveness, as per a World Trade Centre study.
More than two months after India pulled out of the Regional Comprehensive Economic Partnership (RCEP), Foreign Minister Subrahmanyam Jaishankar has suggested New Delhi could rethink its decision.
Moscow hopes to show global heavyweights take its bloc seriously. India’s exit from the RCEP could pave the way for it to sign an agreement with the EAEU instead.
India’s decision in the final months of last year to withdraw from negotiations for the mega-regional trade agreement known as the RCEP disappointed the countries of Southeast Asia, which are also members of the ASEAN.
Protectionism and import substitutions are not the best ways to ensure the prosperity of all, especially the poorest of the poor, but keeping the economy open to the world is, senior Singaporean minister Tharman Shanmugaratnam has said.
After walking out of negotiations on the 16-nation RCEP free trade agreement, the government said it would renegotiate its existing FTA and redouble its efforts to conclude other trade negotiations.
Countries like China, South Korea and Japan may boast of low tariffs but they have erected huge non-tariff barriers (NTBs), most of which are tailored to mask the ferocity of trade protectionism, in a bid to control the imports they deem undesirable.
India’s decision to pull out of RCEP means its policy on access to inexpensive drugs will not be under pressure.
Moscow has made a decision to hold talks with Delhi on a preferential trade agreement (PTA) with between the Eurasian Economic Union (EAEU) bloc and India.
Despite the country now having backed out of the mega trade deal, its renewed interest on its other trade pacts, several of which have failed to deliver the results expected, has set the tone for its focus in the coming year.
South Korea has secured 16 free trade partners — 12 countries and four trade blocs — around the globe since it started pursuing bilateral free trade agreements two decades ago.