S Jaishankar says India has not closed doors on China-backed RCEP, will evaluate deal on its trade, economic merit
4 years, 11 months ago

S Jaishankar says India has not closed doors on China-backed RCEP, will evaluate deal on its trade, economic merit

Firstpost  

India has not closed its doors on the Regional Comprehensive Economic Partnership and will carry out a cost-benefit analysis to evaluate its merit, External Affairs Minister S Jaishankar said on Wednesday New Delhi: India has not closed its doors on the Regional Comprehensive Economic Partnership and will carry out a cost-benefit analysis to evaluate its merit, External Affairs Minister S Jaishankar said on Wednesday. A number of RCEP member countries including Japan and Indonesia have given clear indications that efforts were on to make India join the mega trade deal which is likely to be signed in February. In the RCEP summit in Bangkok, Prime Minister Narendra Modi conveyed India’s decision not to join the deal, effectively wrecking its aim to create the world’s largest free trade area. The negotiations for the proposed free-trade agreement included 10 member countries of the Association of Southeast Asian Nations and six of the bloc’s dialogue partners — China, Japan, South Korea, India, Australia and New Zealand.

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History of this topic

India should reconsider its rejection of the RCEP trade bloc
1 month, 4 weeks ago

India should reconsider its rejection of the RCEP trade bloc

Live Mint  

Five years ago, on a November morning in Bangkok, just on the verge of signing the Regional Comprehensive Economic Partnership agreement, India abruptly walked out of it. India’s RCEP participation should be based on a broad set of metrics—not merely the trade deficit, but also investment inflows, employment creation and participation in new regional value chains. A 2022 assessment by …

Sanjaya Baru | India and East Asia: It’s a return to geo-economics
1 month, 4 weeks ago

Sanjaya Baru | India and East Asia: It’s a return to geo-economics

Deccan Chronicle  

Something interesting is happening on the external economic policy front. Following up the suggestion made in the Union finance ministry’s Economic Survey 2023-24, that India should welcome foreign direct investment from China, the chief executive officer of the Niti Ayog, the Union government’s economic policy think tank, has publicly advocated India joining the Regional Comprehensive Economic Partnership trade bloc. However, …

India's decision to opt out of RCEP agreement strategically sound: GTRI
2 months ago

India's decision to opt out of RCEP agreement strategically sound: GTRI

Deccan Chronicle  

New Delhi: India's decision to opt out of the trade bloc RCEP was strategically sound as the country has the largest trade deficit and trust issues with China, think tank GTRI said on Friday. "Had India joined RCEP, the situation could have worsened drastically, as it would face zero-tariff imports from China, risking further imbalance," the Global Trade Research Initiative …

RCEP cooperation to continue growing, forum hears
3 months, 2 weeks ago

RCEP cooperation to continue growing, forum hears

China Daily  

MA XUEJING/CHINA DAILY Cooperation among Regional Comprehensive Economic Partnership economies will continue to flourish and create benefits for the people of the region, a forum in South China's Nanning, Guangxi Zhuang autonomous region, opined on Tuesday. RCEP allows the Association of Southeast Asian Nations to progress toward a new level of regional economic integration, laying the foundation for a thriving …

Expanded horizons
5 months, 4 weeks ago

Expanded horizons

China Daily  

WANG XIAOYING/CHINA DAILY While the renminbi is being more widely used in China's cross-border payments with Regional Comprehensive Economic Partnership member countries, the US dollar remains the dominant currency used in settlements and payments between other RCEP members, and RCEP cross-border clearing mainly relies on the SWIFT system. First, compared with high-standard free trade agreements, the RCEP needs to strengthen …

Expanded horizons
5 months, 4 weeks ago

Expanded horizons

China Daily  

WANG XIAOYING/CHINA DAILY While the renminbi is being more widely used in China's cross-border payments with Regional Comprehensive Economic Partnership member countries, the US dollar remains the dominant currency used in settlements and payments between other RCEP members, and RCEP cross-border clearing mainly relies on the SWIFT system. First, compared with high-standard free trade agreements, the RCEP needs to strengthen …

Sri Lanka, Bangladesh mull over joining RCEP bloc
1 year, 2 months ago

Sri Lanka, Bangladesh mull over joining RCEP bloc

The Hindu  

Four years after India walked out of the Regional Comprehensive Economic Partnership agreement, neighbours Sri Lanka and Bangladesh are now considering their chances of membership in the 15-nation trading bloc. Vast potential The Sri Lankan Presidential Secretariat confirmed the government’s application for RCEP membership in an August statement, saying that it recognised “the potential of this vast trade block comprising …

Chinese minister says India free to join RCEP trade bloc
1 year, 4 months ago

Chinese minister says India free to join RCEP trade bloc

Hindustan Times  

India is free to join the Regional Comprehensive Economic Partnership, China's Vice Commerce Minister Wang Shouwen said on Friday in New Delhi, adding that it would boost trade between India and China which is growing "very fast". The RCEP is the world's largest trade bloc backed by China and groups 15 Asia-Pacific economies, including Australia, Japan, New Zealand and 10 …

RCEP boosts confidence in trade, regional cooperation
1 year, 6 months ago

RCEP boosts confidence in trade, regional cooperation

China Daily  

HEFEI - On June 2, the day the Regional Comprehensive Economic Partnership entered into force in the Philippines, Chizhou Customs in East China's Anhui province issued an RCEP Certificate of Origin for a batch of goods exported to the Southeast Asian country. Yang Jun, chairman of Conch Group Co Ltd, a leader in China's cement industry, said on Friday that …

India failed to create positive impression among businesses moving away from China, says House panel report
1 year, 9 months ago

India failed to create positive impression among businesses moving away from China, says House panel report

The Hindu  

Despite resources, India has not been able to create a positive impression among businesses moving away from China, a parliamentary panel on commerce has said in its report tabled in the Rajya Sabha on Friday. The report stated that India has not been able to take advantage of the “China Plus One Strategy,” through which multinationals shifted manufacturing and production …

Agreement injects impetus into Asia-Pacific trade
1 year, 11 months ago

Agreement injects impetus into Asia-Pacific trade

China Daily  

While most people were enjoying a good rest to usher in the New Year, warehouses in Guangxi Wuzhou Rixin Plastics Industrial Co Ltd were moving into top gear for a new consignment of exports. The RCEP agreement, which entered into force on Jan 1, 2022, comprises 15 Asia-Pacific countries, including 10 ASEAN member states and five major trading partners — …

Chinese exporters see win-win deals as RCEP takes effect in Indonesia
2 years ago

Chinese exporters see win-win deals as RCEP takes effect in Indonesia

China Daily  

Engineering machinery is loaded at Yantai Port, Shandong province, for export to Indonesia. Indonesia's new regulations have specified the procedure of obtaining certificates of origin for goods exported from the Southeast Asian country, as part of implementing the RCEP agreement, said Indonesian Trade Minister Zulkifli Hasan. According to Sun's calculations, the new policy could help his company save more than …

At HT Leadership Summit, Piyush Goyal explains why India didn't sign RCEP
2 years, 1 month ago

At HT Leadership Summit, Piyush Goyal explains why India didn't sign RCEP

Hindustan Times  

Union commerce minister Piyush Goyal on Saturday offered an insight into why India opted out of the China-led Regional Comprehensive Economic Partnership, saying it was due to concerns expressed by stakeholders within the MSME and dairy sectors. Union minister Piyush Goyal at the HT Leadership Summit "Modi government does not sign FTAs for the sake of doing so. "… not …

India joins Biden’s new trade initiative for Indo-Pacific, negotiations to begin
2 years, 7 months ago

India joins Biden’s new trade initiative for Indo-Pacific, negotiations to begin

The Hindu  

India signalled its readiness to join a new economic initiative led by the United States for the region, as Prime Minister Narendra Modi joined U.S. President Joe Biden, Japanese Prime Minister Fumio Kishida and leaders of 10 countries, who joined virtually, for the launch of the Indo-Pacific Economic Framework for Prosperity in Tokyo on May 23. U.S. officials made it …

RCEP to help upgrade, boost economic growth
2 years, 7 months ago

RCEP to help upgrade, boost economic growth

China Daily  

Workers operate on a production line for export-bound electronic devices at a factory in Pingxiang, Guangxi Zhuang autonomous region. "As Chinese importers face multiple pressures, the RCEP is expected to provide more growth room for the nation's exports through creating new market demand with tariff concessions," said Zhou Mi, a senior researcher at the Chinese Academy of International Trade and …

Japan still hopes India will re-join RCEP: Japan Cabinet official Noriyuki Shikata
2 years, 9 months ago

Japan still hopes India will re-join RCEP: Japan Cabinet official Noriyuki Shikata

The Hindu  

Japan has still not given up hope that India might reconsider joining the Regional Comprehensive Economic Partnership that it quit in 2019, a senior Japanese official said, indicating that India-Japan collaborations in other countries may be impacted if India continues to stay out. “RCEP will benefit the Indian economy with a better supply chain, especially with ASEAN countries,” Japan’s Cabinet …

RCEP galvanizes Shinan's high-speed development
2 years, 11 months ago

RCEP galvanizes Shinan's high-speed development

China Daily  

With the Regional Comprehensive Economic Partnership or RCEP trading agreement having come into effect on Jan 1, Shinan district – located in Qingdao city in East China's Shandong province – is tapping its potential and moving to create an attractive and quality environment that will galvanize the development of foreign trade, according to local media reports on Jan 13. Fifteen …

RCEP comes into effect on first day of 2022
3 years ago

RCEP comes into effect on first day of 2022

China Daily  

BEIJING - The Regional Comprehensive Economic Partnership agreement, the world's largest free trade agreement, entered into force on Saturday. After the agreement takes effect, more than 90 percent of merchandise trade among members that have approved the agreement will eventually be subject to zero tariffs. With optimized trade rules among signatories, streamlined procedures and wider opening-up in the sectors of …

Asia looks to China-focused trade bloc for virus recovery
3 years ago

Asia looks to China-focused trade bloc for virus recovery

Associated Press  

BANGKOK — Members of a China-centered Asian trade bloc that takes effect Jan. 1 are hoping the initiative, encompassing about a third of world trade and business activity, will help power their recoveries from the pandemic. Beijing is fully prepared for the new trading bloc, having already fulfilled 701 “binding obligations” for RCEP, Chinese vice minister for commerce Ren Hongbin …

Is India on the cusp of a flurry of free trade deals?
3 years, 1 month ago

Is India on the cusp of a flurry of free trade deals?

Al Jazeera  

India has shown little enthusiasm for free trade deals since Prime Minister Modi took office, but as trade imbalances rise, his government appears to be changing course. Former Prime Minister Tony Abbott, now a trade envoy for the Australian government, has indicated that Indian tariffs on his country’s wines could be slashed under the interim pact. “Because you can get …

RCEP poised to boost trade, investment in Asia-Pacific
3 years, 1 month ago

RCEP poised to boost trade, investment in Asia-Pacific

China Daily  

By ZHAO RUINAN| China Daily| Updated :2021-11-24 The Regional Comprehensive Economic Partnership will facilitate trade and investment in the Asia-Pacific region, boost post-pandemic economic recovery and set an example for regional and multilateral cooperation, analysts said. The trade deal, which is designed to remove tariffs on about 90 percent of goods, will facilitate trade and investment in the region, especially …

RCEP poised to boost trade, investment in Asia-Pacific
3 years, 1 month ago

RCEP poised to boost trade, investment in Asia-Pacific

China Daily  

The Regional Comprehensive Economic Partnership will facilitate trade and investment in the Asia-Pacific region, boost post-pandemic economic recovery and set an example for regional and multilateral cooperation, analysts said. The trade deal, which is designed to remove tariffs on about 90 percent of goods, will facilitate trade and investment in the region, especially as it will follow the past two …

Qingdao hosts RCEP forum for economic and trade cooperation
3 years, 8 months ago

Qingdao hosts RCEP forum for economic and trade cooperation

China Daily  

The RCEP Qingdao Pilot Innovation Base for Economic and Trade Cooperation starts construction on Jan 18. The Regional Comprehensive Economic Partnership High-level Forum for Economic and Trade Cooperation was launched in the eastern coastal city of Qingdao, Shandong province on April 25. Lin Yuhui, secretary-general of ASEAN Secretariat, said that the RCEP agreement has led to modern, comprehensive, high-quality, and …

Significant stepping stone
4 years ago

Significant stepping stone

China Daily  

The Regional Comprehensive Economic Partnership will likely shape the future of trade in Asia and beyond CAI MENG/CHINA DAILY The signing of the Regional Comprehensive Economic Partnership agreement on Nov 15 concluded eight years of negotiations among the members of the Association of Southeast Asian Nations, Australia, China, Japan, the Republic of Korea and New Zealand. In 2018, the overall …

Pulling Out of RCEP a Mistake, India Should Join Bloc as Soon as Possible: Montek Singh Ahluwalia
4 years ago

Pulling Out of RCEP a Mistake, India Should Join Bloc as Soon as Possible: Montek Singh Ahluwalia

News 18  

Terming India’s decision to pull out of the Regional Comprehensive Economic Partnership as a ‘mistake’, former deputy chairman of the now-defunct Planning Commission Montek Singh Ahluwalia on Thursday said the country should join the trading bloc ‘as soon as possible’. Addressing a virtual event organised by the Centre for Social and Economic Progress, Ahluwalia further said India is not going …

RCEP and China: A deal that can make a difference
4 years ago

RCEP and China: A deal that can make a difference

The Hindu  

Amonth after the signing of the Regional Comprehensive Economic Partnership agreement by 15 countries in the Asia-Pacific region, speculation on what its economic and strategic fallout could be has waned. Moreover, other than reducing tariffs from already low levels and harmonising clauses relating to different aspects of trade in the different agreements that rule in the region, the new deal …

India in Talks with Australia for Bilateral Free Trade Pact, Says Jaishankar
4 years, 1 month ago

India in Talks with Australia for Bilateral Free Trade Pact, Says Jaishankar

News 18  

India and Australia are in discussions for a bilateral free trade agreement, Indian Foreign Minister Subrahmanyam Jaishankar said on Wednesday, following New Delhi's decision to walk out of a China-backed trade bloc. "There is a discussion on a free trade agreement, a bilateral free trade agreement as well because, as you know, we didn't sign the RCEP," Jaishankar said in …

Hope India Would Revisit Merits of Joining RCEP, Says Singapore PM Lee Hsien Loong
4 years, 1 month ago

Hope India Would Revisit Merits of Joining RCEP, Says Singapore PM Lee Hsien Loong

News 18  

Singapore looks forward to deepening the partnership between India and the ASEAN, Prime Minister Lee Hsien Loong said on Monday as he expressed hope that New Delhi would revisit the merits of joining the Regional Comprehensive Economic Partnership in the future. India's Act East policy expresses Prime Minister Narendra Modi's intention to unlock India's full potential through greater openness and …

Abhijit Bhattacharyya | RECP: Why India must be firm on staying out
4 years, 1 month ago

Abhijit Bhattacharyya | RECP: Why India must be firm on staying out

Deccan Chronicle  

The “real” world of trade, commerce and diplomacy fructify on the facts. When a former Indian commerce minister and a former foreign secretary express anguish over New Delhi committing a “historical blunder”, which they feel would negatively impact the nation’s progress and prosperity and lead to “international isolation” diplomatically, one needs a scrutiny of the facts. And while India’s total …

Sreeram Chaulia | Beyond the RCEP: India matters in Indo-Pacific
4 years, 1 month ago

Sreeram Chaulia | Beyond the RCEP: India matters in Indo-Pacific

Deccan Chronicle  

Since the signing of the Regional Comprehensive Economic Partnership agreement by 15 nations on November 15, criticism of India for sitting out the mega free trade pact has arisen in some quarters. Signing these FTAs did increase overall trade volumes between India and its partner countries, but India’s market became more open to imports without reciprocal benefits for Indian exports. …

The Hindu Explains | Why did India stay out of the RCEP deal?
4 years, 1 month ago

The Hindu Explains | Why did India stay out of the RCEP deal?

The Hindu  

November 22, 2020 02:00 am | Updated December 04, 2021 10:32 pm IST The story so far: On November 15, the Regional Comprehensive Economic Partnership was signed by 15 countries led by China, Japan, South Korea, Australia, New Zealand, and the 10-country ASEAN group. After long negotiations, India exited the grouping last November, saying it wanted to protect its economy …

India’s no to RCEP could still be a no
4 years, 1 month ago

India’s no to RCEP could still be a no

The Hindu  

Last week, 15 East Asian countries agreed to take their economic integration several notches higher by forging the Regional Comprehensive Economic Partnership, the largest free trade agreement ever. These countries had adopted a resolution “to establish an ASEAN-led process by setting out principles” that would allow ASEAN members to “engage interested ASEAN FTA partners in establishing a regional comprehensive economic …

Was India right to leave the RCEP trade deal? | The Hindu In Focus podcast
4 years, 1 month ago

Was India right to leave the RCEP trade deal? | The Hindu In Focus podcast

The Hindu  

The Regional Comprehensive Economic Partnership, the world’s largest trade bloc of 15 countries including the 10 ASEAN members, China, Japan, South Korea, Australia and New Zealand, was signed on November 15 without India, which was part of the long-running negotiations until it withdrew last year. The day after the signing, External Affairs Minister S. Jaishankar criticised past trade agreements for …

Joining RCEP Would Have Had Negative Consequences for Indian Economy, Says S Jaishankar
4 years, 1 month ago

Joining RCEP Would Have Had Negative Consequences for Indian Economy, Says S Jaishankar

News 18  

India pulled out of the Regional Comprehensive Economic Partnership last year as joining it would have resulted in fairly negative consequences for the country’s economy, External Affairs Minister S Jaishankar said on Wednesday. In an address at an online discussion organised by the Centre for European Policy Studies, Jaishankar also forcefully pressed for reform of the United Nations, saying one …

RCEP would have hurt India’s economy, FTA with EU not easy: S Jaishankar
4 years, 1 month ago

RCEP would have hurt India’s economy, FTA with EU not easy: S Jaishankar

Hindustan Times  

India did not join the Regional Comprehensive Economic Partnership trade deal because it would have had “negative consequences” though the country is interested in a “fair and balanced” free trade pact with the European Union, external affairs minister S Jaishankar said on Wednesday. New Delhi had indicated its concerns with RCEP at the East Asia Summit a year ago because …

Leaving RCEP was a short-sighted decision, says former Foreign Secretary Shyam Saran
4 years, 1 month ago

Leaving RCEP was a short-sighted decision, says former Foreign Secretary Shyam Saran

The Hindu  

The Regional Comprehensive Economic Partnership, a trade bloc of 15 countries including the 10 ASEAN members, China, Japan, South Korea, Australia and New Zealand, was signed on November 15 without India, which was part of the long-running negotiations until it withdrew last year. In an interview with The Hindu, former Foreign Secretary Shyam Saran says the decision to opt out …

Trade pacts: Jaishankar’s views reflect language used in 1970s, says Chidambaram
4 years, 1 month ago

Trade pacts: Jaishankar’s views reflect language used in 1970s, says Chidambaram

The Hindu  

Former Finance Minister P. Chidambaram on Tuesday said External Affairs Minister S. Jaishankar’s views on trade agreements were similar to the language used in the 1970s and claimed that several English newspapers have noted that India would be “better off” by being a part of the regional trade bloc, the Regional Comprehensive Economic Partnership. I would reserve a final view …

RCEP shifts Indo-Pacific dynamics, blow to Delhi
4 years, 1 month ago

RCEP shifts Indo-Pacific dynamics, blow to Delhi

Deccan Chronicle  

While the entire world was focused on the American presidential election, the signing on November 15 of the Regional Comprehensive Economic Partnership has significantly altered the Indo-Pacific strategic environment. Therefore, while US President-elect Joe Biden’s path to office is now clear, despite the Trumpian Twitter tantrums, he faces a more complex scenario in the Indo-Pacific region. The RCEP’s signing by …

Threat or treat: on RCEP trade deal
4 years, 1 month ago

Threat or treat: on RCEP trade deal

The Hindu  

The Regional Comprehensive Economic Partnership was signed into existence on Sunday by 15 countries led by China, Japan, South Korea, Australia, New Zealand and the 10-state ASEAN grouping, creating one of the world’s largest trading blocs. With global trade and the economy foundering on the shoals of the COVID-19 pandemic, especially as new infections in Europe and the U.S. prompt …

A day after RCEP, Jaishankar slams trade pacts, globalisation
4 years, 1 month ago

A day after RCEP, Jaishankar slams trade pacts, globalisation

The Hindu  

India has allowed other countries “unfair” trade and manufacturing advantages “in the name of openness”, asserted External Affairs Minister S. Jaishankar, in a speech criticising the effects of globalisation on Monday. Speaking just a day after the 15-nation Regional Comprehensive Economic Partnership was signed, Mr. Jaishankar was particularly scathing of trade agreements, which he said had forced India to “deindustrialise”. …

What happens now the RCEP trade deal, the world’s biggest, has been signed?
4 years, 1 month ago

What happens now the RCEP trade deal, the world’s biggest, has been signed?

Live Mint  

Fifteen Asia-Pacific economies signed what could become the world's largest free trade agreement on Sunday, covering nearly a third of the global population and about 30% of its global gross domestic product. RCEP includes China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of South East Asian Nations : Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, …

Explainer: What Happens Now The RCEP Trade Deal Has Been Signed?
4 years, 1 month ago

Explainer: What Happens Now The RCEP Trade Deal Has Been Signed?

News 18  

Fifteen Asia-Pacific economies signed what could become the world’s largest free trade agreement on Sunday, covering nearly a third of the global population and about 30% of its global gross domestic product. RCEP includes China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of South East Asian Nations : Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, …

Deccan Dialogue: EAM Jaishankar explains RCEP stance, lauds India's Vande Bharat Mission
4 years, 1 month ago

Deccan Dialogue: EAM Jaishankar explains RCEP stance, lauds India's Vande Bharat Mission

India Today  

External Affairs Minister S Jaishankar virtually addressed the Deccan Dialogue organised by ISB, Hyderabad, on Monday. Indian and RCEP trading bloc One of the original negotiating participants, India walked out of the RCEP talks in 2019 citing "outstanding issues". As one of the 16 original participating countries, India's accession to the RCEP Agreement would be welcome in view of its …

China-led mega trade bloc RCEP takes off
4 years, 1 month ago

China-led mega trade bloc RCEP takes off

The Hindu  

The Regional Comprehensive Economic Partnership, a mega trade bloc comprising 15 countries led by China that came into existence on Sunday, said India would have to write expressing “intention” to join the organisation to restart negotiation for membership. “The RCEP signatory states will commence negotiations with India at any time after the signing of the RCEP Agreement once India submits …

RCEP Signatories Ready for Negotiations Once India Gives Written Request to Join Pact
4 years, 1 month ago

RCEP Signatories Ready for Negotiations Once India Gives Written Request to Join Pact

News 18  

Countries that have signed the RCEP agreement can start negotiations with India for joining the pact once New Delhi submits a written request stating its intention for the same, according to a declaration. On November 4 last year, India walked out of mega free trade agreement RCEP as negotiations failed to address New Delhi’s outstanding issues and concerns. The remaining …

15 Asian Nations Sign World's Largest Free Trade Pact in Major Coup for China, India Absent
4 years, 1 month ago

15 Asian Nations Sign World's Largest Free Trade Pact in Major Coup for China, India Absent

News 18  

Fifteen Asia-Pacific countries on Sunday signed the world’s biggest free trade deal, seen as a huge coup for China in extending its influence. “It clearly shows that multilateralism is the right way, and represents the right direction of the global economy and humanity’s progress.” The agreement to lower tariffs and open up the services trade within the bloc does not …

India and ASEAN to expand trade despite RCEP walkout
4 years, 1 month ago

India and ASEAN to expand trade despite RCEP walkout

The Hindu  

November 12, 2020 05:35 pm | Updated 09:45 pm IST - New Delhi India and ASEAN countries said they would explore ways to increase trade between them despite India’s exit from the 15-nation Regional Comprehensive Economic Partnership agreement. The RCEP free trade agreement, which India walked out from a year ago, is expected to be signed on November 15th, between …

India should heed appeal by RCEP members to return to negotiating table; then battle hard for equitable deal
4 years, 6 months ago

India should heed appeal by RCEP members to return to negotiating table; then battle hard for equitable deal

Firstpost  

On Wednesday, representatives from the Association of South East Asian Nations, along with Japan, New Zealand, South Korea, Australia and China participated virtually in the 10th Regional Comprehensive Economic Partnership inter-sessional ministerial meeting. As the data below shows, India is already a pretty useful trade partner for most of the RCEP members: Now, imagine those numbers in a scenario where …

India opposes rejoining RCEP over China concerns
4 years, 7 months ago

India opposes rejoining RCEP over China concerns

The Hindu  

As the deadline for a response to a fresh proposal of India rejoining negotiations on the ASEAN-led trade Regional Comprehensive Economic Partnership ran out on Friday, a senior Ministry of External Affairs official indicated that global post Coronavirus concerns over China had strengthened India’s opposition to the grouping. The letter sent by the RCEP’s Trade Negotiating Committee Chairperson last month, …

Indian economy well-poised to take off; govt will hold discussions with Britain, EU on free trade agreements, says Piyush Goyal
4 years, 11 months ago

Indian economy well-poised to take off; govt will hold discussions with Britain, EU on free trade agreements, says Piyush Goyal

Firstpost  

On RCEP, Goyal said it was an “unbalanced trade agreement, which was really not fulfilling the guiding principles on which RCEP started about eight years ago, therefore India chose not to participate in it”. Davos: Asserting that the Indian economy is well-poised to take off, Union minister Piyush Goyal on Thursday said there is a lot of enthusiasm for making …

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