RCEP
Regional Comprehensive Economic Partnership (ASEAN+6)
As the 15 RCEP members are preparing to sign an agreement this November in Vietnam, the Department of Trade Negotiations is explaining how to make the most of RCEP and deal advantageously with its impacts in terms of competition among farmers, entrepreneurs, and civil society.
Cambodia Prime Minister Hun Sen committed to gain an advantage in upcoming trade deals with China, South Korea, Japan and other nations.
Now most countries, particularly those in Southeast Asia, are not only facing the economic and social repercussions of a protracted outbreak but also witnessing emerging trends that will permanently change the way we live and do business.
The big reshoring question is still about how much foreign investment will shift from China due to a combination of rising production costs and more fractious diplomatic relationships.
Foreign Minister Toshimitsu Mogi from Japan confirmed that they will continue to cooperate towards the signing of the East Asian Regional Comprehensive Economic Partnership (RCEP) within the year.
The government is currently focusing on the RCEP negotiations before looking at other FTAs, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Ministers from 15 Asia Pacific countries resumed their negotiations to forge the Regional Comprehensive Economic Partnership (RCEP) last Thursday without the participation of India, which walked away from the sprawling free-trade agreement (FTA) last November.
Ministers from 15 Asia-Pacific countries negotiating a sprawling free trade agreement said they have made “significant progress” toward the signing of the deal in November.
The trade ministers of participating in talks on an Asia-wide free trade agreement are set to hold an online meeting, hoping to remove the final obstacles to a deal by the end of the year.
The Commerce Ministry will ask the cabinet for approval to sign the Regional Comprehensive Economic Partnership (RCEP) in October, one month ahead of the pact’s official scheduled signing in Vietnam.
The Regional Comprehensive Economic Partnership (RCEP) has entered the legal scrubbing phase and is expected to be signed soon without India.
Negotiations on the Regional Comprehensive Economic Partnership (RCEP) have entered the final stage of legal scrubbing and are set to be signed soon, with the exclusion of India.
The Thai Ministry of Commerce will push the country’s Cabinet in October to consider signing the Regional Comprehensive Economic Partnership (RCEP) agreement.
Rashtriya Swayamsevak Sangh affiliate Swadeshi Jagran Manch has opposed the proposed India-US trade deal in its current form stating that New Delhi can’t meet Washington’s asks on e-commerce, data flows, dairy and patents.
There are those in Japan who insist that the RCEP agreement must be signed even without Indian participation. The signing is scheduled for November in Hanoi.
By opting out of RCEP, PM Modi had already shown the way. This is an opportunity for the domestic economy.
The top minister said that the trade deficit of countries part of the Regional Comprehensive Economic Partnership (RCEP) has nearly doubled over the past 15 years, while their manufacturing levels also remain abysmally low.
The biggest concern of India with RCEP at this juncture is not merely the economic reasons, but more geopolitical: the existence of China.
Australia has reaffirmed its commitment to signing the Regional Comprehensive Economic Partnership (RCEP) trade agreement despite rising political tensions with China.
India said both New Delhi and Washington are now “nearer” to a smaller trade deal than ever before as the US believes a free trade agreement (FTA) is possible even as India has walked out the Regional Comprehensive Economic Partnership (RCEP).
