India
Fifteen Asia-Pacific countries will sign the RCEP trade pact by the end of 2020 but India will not be among them.
Vietnam believes India and China should exercise restraint and not complicate matters further at a time when the world is reeling under the coronavirus pandemic compounded with economic challenges.
As India distances itself from China following the clash in Ladakh between soldiers of the two countries, the Centre is keen to have another go at negotiating the India-US free trade agreement.
The fifth round of the preferential trade agreement talks between Iran and India were held in Iran.
India and Uzbekistan are engaged in negotiations for finalizing a preferential trade agreement and a bilateral investment treaty.
India hasn’t shunned efforts to forge “balanced” trade agreements despite renewed push for self-reliance, and talks with key partners, including the US, the EU and Australia, will gain momentum once the impact of the pandemic wanes considerably.
Attempts to woo India back to negotiating table fail, as the country struggles to fight pandemic.
The 15 member countries of the RCEP grouping have proposed that India defer opening up its market to them, in a move to address New Delhi’s key concern of its burgeoning trade deficit with them especially China.
US-India deal would greatly compromise India’s huge diversity of local seeds and plants which are conserved and reused by millions of Indian farmers year after year. It will also destroy India’s hope for food sovereignty.
To urge India back to the negotiations for the Regional Comprehensive Economic Partnership (RCEP), its 15 member countries have offered New Delhi the option of deferring commitments related to opening up its market.
India and the US could strike a “smaller” trade deal in the coming weeks, India’s ambassador Taranjit Singh Sandhu has said.
As part of the settlement, the Japanese automaker is expected to receive between $185 million and $238 million, two sources aware of the matter said.
India and the European Union on Thursday discussed preparations for a long-due summit meeting, which was postponed due to the Covid pandemic.
It might be difficult to conclude the Regional Comprehensive Economic Partnership (RCEP) by the end of this year as planned, as parties are moving toward the direction of protecting their supply chains to the detriment of free trade.
Trade negotiations with South American nations – Chile & Peru will be now through video conferencing, as airports of these countries remain closed due to the global pandemic COVID-19.
China will welcome India back to negotiations on the Regional Comprehensive Economic Partnership (RCEP) at an appropriate time.
The Eurasian Economic Commission continues to negotiate partnerships with Egypt, Israel and India, said EAEU trade official.
Indications remain that the India government is not keen to revisit the RCEP grouping at present.
Under Prime Minister Narendra Modi, India has been walking a tightrope between the United States and China even as it nurses its own ambitions for global leadership. Horimoto Takenori assesses the role of the Japan-India relationship in this dynamic context.
The ongoing differences between Brazil and Argentina are expected to have important implications for the future course of action within MERCOSUR and its engagements with other trade and economic partners including India.
