While India has now opted out of the RCEP negotiations, it has not completely abandoned its policy of pursuing free trade agreements
China aims to press ahead with 15 remaining RCEP members. Japan had sought to balance China by involving India.
But decision to stay out is final for now, says Commerce Minister.
India should hold talks with the European Union for a free trade agreement, the government said on Tuesday, a day after it refused to join a China-backed regional trade pact for fear of a flood of cheap Chinese imports.
The Association of South East Asian Nations (Asean) may soon conclude FTA (free-trade agreement) review with India. The aim is to balance China in the Indo-Pacific.
The disastrous impact of the Indo-Sri Lanka FTA and ASEAN FTA on Indian farmers especially in the plantation sector is well known. RCEP would be worse than ASEAN FTA
A free trade deal that would have created a trading bloc covering half of the world’s population and more than a third of the world’s economic activity will stay on hold until 2020 after India refused to sign up.
India has decided not to join Regional Comprehensive Economic Partnership (RCEP), the mega Asian trade agreement between 16 countries with almost half the world’s population.
Prime Minister Narendra Modi on Sunday said a review of India’s free trade agreement with the Association of Southeast Asian Nations (Asean) will help balance trade between the two.
The Forum for Trade Justice is of the opinion that the Government of India should not agree to the RCEP as it will be a bad deal for democracy, for farmers, workers.
The Congress has decided to hold protests across the State against the Regional Comprehensive Economic Partnership (RCEP) free trade agreement that is expected to be signed by India soon.
Ten Central Trade Unions (CTUs) have called on the Government to withdraw from the RCEP negotiations due to concerns over its possible negative impacts on workers and the economy.
Sections of Indian industry, farmers and dairy sector have expressed concerns over the mega trade deal.
It has been more than eight years since Australia and India began negotiations on a free trade deal, but the two countries have yet to reach a settlement that both New Delhi and Canberra feel comfortable with.
The Congress has claimed the Regional Comprehensive Economic Partnership, likely to be signed by India next month, would be a “jolt” to the country’s economy.
Modi, while speaking to the European MPs, called for "early conclusion of a fair and balanced BTIA" which he had termed a "priority for the government."
On 24th October and thereafter, thousands of farmers organized under the Indian Coordination Committee of Farmers’ Movement (ICCFM) and ally groups carried out coordinated actions and demonstrations reject RCEP.
The leaders of various farmers’ associations in the State have called upon the Union government to reject the proposed Regional Comprehensive Economic Partnership (RCEP) agreement.
The tax department had sought ₹10,247 crore in taxes on alleged capital gains made by the company in the internal reorganisation
The widespread protests by hundreds of farmers across the country against the Regional Comprehensive Economic Partnership (RCEP) went unnoticed by and large.