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.
India has proposed locating computing facilities inside the country if it is meant to protect its essential security interests and national interests at the the ongoing negotiations of the proposed RCEP trade agreement.
The secretary-general of Asean, expressed his confidence that the long-awaited RCEP will be completed in principle before Thailand’s chairmanship ends at the end of this year.
India has viewed FTAs as an important tool to enhance its trade and investment, and signed a number of trade agreements with various countries or groups. And India’s experience intrade with its major FTA partners has not been very encouraging.
As governments scramble to save RCEP, peoples from Southeast Asia have consolidated their strong opposition to this ambitious and unjust trade and investment agreement.
President Joko “Jokowi” Widodo’s aggressive efforts to lure more foreign direct investment (FDI) ahead has been warmly met by South Korea.
While there are clearly roadblocks to an agreement, there are also tailwinds — tailwinds that might never be stronger than they are right now.
India’s indecisive stance on the RCEP and agreement to review the FTA with the ASEAN indicates it has been evaluating options outside the larger regional group as well.
India and 10-member bloc of South-East Asian nations have agreed to review their free trade agreement, signed in 2009, to make it more business-friendly and boost economic ties.
The 16 negotiating partners have agreed that they should not lose the long-term vision of deepening and expanding the value chains in the RCEP.
Numerous ASEAN member states called for improvements in the region’s free trade status with Russia at this week’s Far East Economic Forum in Vladivostok.
If the U.S.-China trade war continues or worsens ASEAN countries will also experience a bumpy ride.
South Korea will hold a third round of free trade talks with Malaysia this week with the aim of striking a trade deal before November, Seoul’s trade ministry said Tuesday.
If China wants to fish in Myanmar’s troubled waters, the Belt and Road Initiative (BRI)-linked Kyaukphyu Special Economic Zone (SEZ) in Rakhine State is a good place to cast a line.
Korea government called for the expansion of trade with Asean states, especially in light of the global rise of protectionist policies and trade wars, not to mention Korea’s recent tensions with Japan.
Are mega free trade agreements (FTAs) beneficial for Indian economy? Majority of Indian industry may say no, but a research policy paper attempts to offer a slightly contrarian view
The Ministry of Industry and Trade has announced amendments to the rules of origin under the ASEAN-China Free Trade Agreement (ACFTA).
What’s worrisome for India is the economic growth rate owing to the overall core sector slump and adverse bilateral trade balance with countries under the RCEP.
The new EU-Vietnam free trade agreement (FTA) shows the EU will look past human rights violations to push a trade agenda. But as FTAs with ASEAN states don’t offer the EU the same economic benefits, it’s unlikely the bloc will pen more in the near future.
EU is gaining a reputation in Southeast Asia for being hypocritical. Clearly, now, pragmatism is coming before principles, and values are to be provisional to trade policy.