After prevailing upon the Centre to drop out of the RCEP treaty, farmers organizations has urged the MPs to prevail upon the Union government to terminate the other existing FTA inimical to the livelihood of farmers in the country.
Abe seeks to bolster India ties to balance China’s clout.
India opted out of RCEP and now it is Japan, who follows suit. After a long 7 years intensive negotiation among ASEAN 10 + 6 for the world biggest trade block to reign Asia-Pacific region and a challenge to TPP, RCEP is in tailspin before launching. The reason is China’s over-influence in the block.
India and Japan did not make any tangible progress on some of the sticky issues facing both sides, mainly on a breakthrough in the civil nuclear deal, acquisition of Amphibious aircraft or progress in the bullet train project.
The proposed scope of the review of the free trade agreement between India and ASEAN could include issues like customs procedures, further liberalisation of trade in goods and exchange of data
Keen to have India back in the Regional Comprehensive Economic Partnership (RCEP), Japan has reached out to New Delhi to help address its concerns including those on trade deficit.
Reports claimed that foreign investors threatened to drag Andhra Pradesh to international arbitration for ‘cancelling’ renewable power purchase agreements.
India will not negotiate any free trade agreement (FTA) on the "back foot" and will always ensure protection of interest of people and industry, Commerce and Industry Minister Piyush Goyal said on Saturday.
A proposed free-trade agreement between Israel and India has started to "see light at the end of the tunnel", the Israeli envoy here said on Thursday, exuding confidence that the pact will be concluded.
Weeks after India decided not to join RCEP, the government on Wednesday said that it had sought a review of its existing trade agreements with the ASEAN and Japan.
India is working towards concluding a free trade agreement with the United States, particularly after Prime Minister Narendra Modi recently announced in Bangkok that India was dropping out of the China-led Regional Cooperation and Economic Partnership (RCEP).
With India appearing to have exited the Regional Comprehensive Economic Partnership (RCEP), negotiators remain committed to bringing the country back into the fold as an "indispensable" member of the deal
Recognising the huge potential and opportunities in trade and investments, Central American nation Costa Rica seeks Preferential Trade Agreement with India.
India’s existing free trade agreements (FTAs) with Asean, Japan and South Korea already link duty concession to a 35% value addition, according to analysts.
India has decided to pull out of the RCEP, an invitation to join later still standing. Even though the reasons provided for this fallout do not mention it, but one of the major contentions was the e-commerce chapter to which India did not relent.
India and China said a new committee, headed by senior ministers, will meet at the earliest and discuss ways to pare the $53-billion trade deficit between the two countries.
Reacting to the developments in Thailand, with countries in RCEP negotiations deciding to go ahead for now without India, farmer leaders in India stated that this is a good development, and that India will not lose in any manner.
India and China could look at a bilateral understanding on RCEP, which could mean an opportunity for India to consider joining the pact.
Indian commerce minister will meet his US counterpart Robert Lighthizer, on Nov. 13, days after India exited the RCEP.
Move follows govt. decision to pull out of RCEP; Europe sceptical about timeline.