Regional Comprehensive Economic Partnership (ASEAN+6)
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.
The Commerce Ministry is scheduled to propose cabinet endorsement of Thailand’s participation in signing the Regional Comprehensive Economic Partnership (RCEP) by the middle of this year.
South Korea plans to bolster economic ties with Russia, Mongolia and other Central Asian nations and use the momentum to buttress recovery of the export-driven economy.
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.
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.
South Korea has concluded no fewer than 99 investment agreements that allows paper companies to take advantage of investor-state dispute system.
The clash between the US and China is arrestingly sharp and deep not only because the stakes are so high and the parties so profoundly different but also because it has been brewing over several decades of increasingly intimate and complex interaction.
As participating countries are expected to sign the RCEP this year, China’s textile industry must accelerate the adjustment of products, capacity and trade structure to better integrate regional development in the next stage.
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.
Japan and Australia reaffirmed their goal of concluding the envisioned RCEP free trade deal among 16 nations including India by the end of the year.
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.
Australia has yet to show any serious interest in recognising the potential negative impacts of trade policies on gender or take steps to systematically assess these. A gender equitable trade policy is possible. But it would look nothing like the RCEP.
The Republic of Korea (RoK) will spare no efforts to help conclude the RCEP by the end of this year by forging deeper ties with the ASEAN, as the country strives to revitalise its ailing exports
India’s decision to pull out of RCEP means its policy on access to inexpensive drugs will not be under pressure.
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.
For New Delhi, though, RCEP is first and foremost an economic deal that could hurt its more vulnerable industries and lead to near-term pain.
The withdrawal of India from the RCEP as also the changed ground truths call for a recalibration of the FTP which is not only in tune with the changing times, but factor in future uncertainties as well.
Commerce and Industry Minister Piyush Goyal hailed Prime Minister Narendra Modi for India’s decision to opt-out of the RCEP noting that it was nothing more than a FTA between India and China.