ASEAN
The escalating trade war between the US and China has prompted the Association of Southeast Asian Nations to call for accelerated negotiations on the Regional Comprehensive Economic Partnership, a free trade framework involving ASEAN and six partner countries.
Vietnam’s Ambassador to India Ton Sinh Thanh said bilateral ties were on an upswing with several visits of dignitaries exchanged between the two countries recently and an expected "high-level" visit from India slated for later this year.
The EU-Malaysia Chamber of Commerce and Industry is hopeful that the new government will resume talks on the EU-Malaysia free trade agreement.
The European Union and ASEAN have agreed to restart the process of establishing a Free Trade Agreement between them, said Singapore Prime Minister Lee Hsien Loong
The Kerala government is reaching out to other south Indian States in a bid to create lobbying power to influence the Central government policy on international trade treaties and to cushion the impact of Free Trade Agreements on various domestic sectors.
16 members meg trade deal Regional Comprehensive Economic Partnership (RCEP) is being held in Toyko, Japan. This is 23rd round of negotiations.
India is holding bilateral dialogues with China, Australia and New Zealand to get them to agree to less ambitious tariff cuts for sensitive products. The aim is to end the logjam in the negotiations for the mega regional trade bloc, the Regional Comprehensive Economic Partnership (RCEP).
The 18th Shanghai Cooperation Organization (SCO) Summit provided an opportunity for China to re-affirm its strong relationship with the core countries along the land route to Europe.
Singapore and India have concluded the second review of their preferential trade pact – the Comprehensive Economic Cooperation Agreement (CECA).
The Government of Malaysia has said that while it has good bilateral relations with China, it would not be keen to go overboard in getting involved in Beijing’s BRI.
The highly ambitious Belt and Road Initiative promises to fortify China as an economic superpower. But negotiations around the Bangladesh, China, India and Myanmar Economic Corridor are proving contentious.
The Regional Comprehensive Economic Partnership (RCEP) inched closer to completion last March when the ministers of all 16 countries met in Singapore for their fourth intersessional meeting. Next up on the almanac for leaders is a ministerial meeting which will be held in Tokyo on 1 July.
Chinese officials will visit India soon to hold bilateral discussions on the issues hampering the negotiations of the proposed mega free trade deal — Regional Comprehensive Economic Partnership (RCEP), Commerce and Industry Minister Suresh Prabhu said.
Joint media statement on the 4th Regional Comprehensive Economic Partnership (RCEP) intersessional ministerial meeting.
The Malaysian government will review several trade agreements such as Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP) to see if its viable to be part of the trade partnerships.
According to the recently published report by the NITI Aayog on FTAs states that India’s exports to FTA countries have not outperformed overall export growth or exports to the rest of the world; and also FTAs have led to increased imports and exports; the former has been greater.
The rise of China in the Indo-Pacific has also challenged the long-standing dominance of US in Asia. Therefore, political uncertainty in the US, rapid economic growth, China’s Belt and Road Initiative and its growing assertiveness, and erosion of ASEAN unity – among others – has compelled India to step up its contribution to a region that is also of vital economic interest to India.
Chinese Premier Li Keqiang on Monday pledged to jointly promote trade and investment liberalization and facilitation with the Association of Southeast Asian Nations (ASEAN), so as to inject positive energy into the world economy.
With Singapore as chair of the regional bloc this year, China has an advantage as the focus shifts from geopolitics to trade and investment.
Leaders of the ASEAN gathered in Singapore on Saturday 28 April to review the bloc’s goals going forward, with Singaporean Prime Minister Lee Hsien Loong calling for greater regional collaboration and integration as a way to bolster against external pressures, including trade tensions among major economies such as the US and China.
