Regional Comprehensive Economic Partnership (ASEAN+6)
Congress president Sonia Gandhi has decided that the party will stand against the free trade agreement, and is planning to protest the "anti-farmer" trade deal both within Parliament during the winter session.
India has bargained a nearly 10% advantage over China in tariff elimination during the ongoing RCEP discussions in a move aimed to placate the domestic industry and pave the way for New Delhi to conclude negotiations.
Trade minister Piyush Goyal on Monday said India and the US have agreed on broad contours of a trade package. And Goyal hinted India may not rush to sign the RCEP trade pact
Activists of the Swadeshi Jagran Manch on Friday urged the the central government not to take the proposed free-trade agreement, the RCEP forward.
Indian negotiators are in Bangkok trying to insert crucial provisions in the proposed Regional Comprehensive Economic Partnership (RCEP) pact.
India’s difficulty in acceding to the mega regional free trade agreement RCEP is reflective of a deep malaise in not just its trade policy but also domestic economy.
Negotiators representing 16 countries have been tasked with arriving at an agreement on the controversial Regional Comprehensive Economic Partnership by October 19 but trade unions say the deal has grave consequences.
At a media interaction in New Delhi, experts from civil society organisations enumerated damages that could be caused to various sectors of the Indian economy if India signed the deal.
Over the past few years, one of the few bright spots in trade that has been in the spotlight is the RCEP. While the initiative continues to receive a lot of headlines, obstacles remain to it becoming a reality.
Real lives and livelihoods are at stake. That is why people are saying ‘No’ to RCEP!
If India is going ahead with RCEP negotiations, India must insist on rules of origin mandating significant domestic value addition in the country of the final exporter as well as strengthen bilateral mechanisms for ensuring compliance.
National co-convener of Swadeshi Jagran Manch Ashwani Mahajan tells ThePrint that from dairy sector to steel, chemical and automobile, no one wants RCEP.
PM Narendra Modi will take up India’s unresolved issues in the proposed Regional Comprehensive Economic Partnership trade agreement at the leaders’ summit next month if the 16 members are unable to resolve them over the next few days.
Ministers from 16 Asia-Pacific countries are close to reaching an agreement on a proposed free-trade pact. But key issues still stand in the way. The countries have decided to hold a follow-up ministerial meeting to break the deadlock.
RCEP meet: India had proposed certain tweaks in the negotiating text of electronic commerce during the 9th Intersessional Ministerial Meeting.
Trade ministers to meet again on 1 Nov as India’s tough talk on market access continues and negotiators have been asked to resume talks to bridge differences by 19 October.
In the talks, the Chinese president also agreed to take sincere steps in a concrete way to address India’s concerns over ballooning trade deficit in China’s favour.
Ministers from 16 countries, including Japan, China, South Korea and the 10 members of the ASEAN made headway for their goal of concluding their negotiations on the proposed RCEP free trade deal by the end of this year.
RCEP militates against several of India’s critical interests. At least two countries from among the participating countries could seriously challenge India’s rural economy since they are seeking to enter the markets for wheat, sugar and dairy products.
The RSS-affiliated Swadeshi Jagaran Manch on Thursday announced that it would hold a nationwide protest against the Regional Comprehensive Economic Partnership (RCEP).