Regional Comprehensive Economic Partnership (ASEAN+6)
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.
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.
In the middle of a global pandemic Covid-19, Indonesia intensifies the stalled negotiations of the 30th round Negotiations of Regional Comprehensive Economic Partnership (RCEP) held by the virtual, this May.
South Korea will hold the seventh round of talks with China to discuss expanding the scope of their bilateral free trade agreement to better cover the service and investment sectors.
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.
China will welcome India back to negotiations on the Regional Comprehensive Economic Partnership (RCEP) at an appropriate time.
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.
China will double the number of trials this year for cross-border electronic commerce to promote foreign trade amid the pandemic.
Economic complementarity, lower shipping costs and the upcoming Regional Comprehensive Economic Partnership (RCEP) will substantially expand bilateral trade between China and the Association of Southeast Asian Nations this year.
The RCEP bloc has written a letter seeking India’s return and expressed willingness to discuss the demand for measures that prevent dumping and safeguard mechanisms to check influx of cheap Chinese goods
In recent years, observers have questioned whether investor–state arbitration will or should be a feature of the next generation of free trade and bilateral investment treaties.
The Regional Comprehensive Economic Partnership (RCEP) trade deal is still on track to be signed by the end of 2020, Singapore’s Minister of Trade and Industry Chan Chun Sing said.
Members of the trade bloc urged India to convey its initial response to the package by May 15 as the Indo-Pacific region braces for a post-Covid-19 economic order.
Given China’s influence gradually ebbing as a major supply chain hub in the region and Japan and Japan asking its investors to withdraw from China, new opportunities emerge for India to woo investment from these nations.
Stepping into the role that the United States could have had at the helm of TPP, Beijing has offered a deal that puts it firmly in a leadership role. Through RCEP, the future of the broader Asia-Pacific economy has a diminished role for the United States.
India sat out the latest round of negotiations for an envisioned 16-nation regional free trade agreement.
China’s economy is expected to grow this year, it is capable of generating the jobs and trade needed for recovery, and looks ready to lead. In contrast, the US economy is shrinking and champions of free trade and investment are lacking.
India plans to resume discussion on “outstanding trade issues” with China, including those related to the RCEP, once the Covid-19 situation stabilises.
Regional Comprehensive Economic Partnership (RCEP) dialogue partners are advancing the review of legal texts, expecting the process to finish in July so the pact can be signed later in the year during the Asean Summit as scheduled.