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.
Singapore is working with Britain on a trade deal that will port the provisions of the EU-Singapore Free Trade Agreement (EUSFTA) to the United Kingdom, said Foreign Affairs Minister Vivian Balakrishnan.
Sticking points could hinder other deals, as Vietnam gains from recent agreement
The success of the ASEAN-China FTA in helping to boost business amid Beijing’s tariff dispute with the US bodes well for the upcoming talks on the creation of a RCEP.
The ASEAN troika led by Indonesia had a “fruitful” and “very frank” dialogue with India on the RCEP and efforts are on to address Delhi’s concerns ahead of a meeting on the proposed trade agreement in China.
The new EU-Vietnam free trade deal could spark a manufacturing exodus from Thailand to Vietnam. Thailand will likely look to other markets to compensate.
Trade Ministers of Thailand and Indonesia and the Secretary-General of the 10-member ASEAN group met Commerce and Industry Minister Piyush Goyal to discuss ways to speed up the RCEP negotiations
Re-elected Indian government will engage in three sets of important trade talks: with the EU, the US and ASEAN negotiators this week.
The Indo-Pacific concept was developed in recognition of the need for ASEAN to respond with a united front to emerging regional issues, thereby preserving ASEAN’s centrality.
ASEAN economic ministers have agreed to have representatives from Indonesia and Thailand, as well as ASEAN Secretary-General Lim Jock Hoi, engage with Indian officials over deadlocks in the negotiations of the bloc’s most strategic trade agreement.
ASEAN is ready for the next move to negotiate the remaining 13 chapters of the trade deal together as a bloc at the upcoming senior economic officials’ meeting to be held at the end of this month in Melbourne, Australia.
Southeast Asian leaders look determined to make progress on the world’s largest commercial pact, the China-led Regional Comprehensive Economic Partnership during the two-day Association of Southeast Asian Nations summit which gets underway in Bangkok, Thailand, on Saturday.
He notes India’s concerns over trade deal, says it would be a loss if it was not part of pact.
Southeast Asian leaders are eager to sign a sweeping China-led trade pact by the end of this year, Thailand’s prime minister said Friday, with further talks expected at a Bangkok summit on the world’s biggest commercial deal.
Thailand maintains the RCEP historic deal involving 16 economies can be finalised by November.
Five members of the ASEAN have implemented a FTA with Hong Kong to remove tariffs, improve access for intra-regional service providers and eliminate pervasive non-tariff barriers to trade.
Thailand is ready to resume negotiations for a free-trade agreement (FTA) with the European Union (EU) once the new government is established, as officials seek to offset the decline in global trade, according to a leading trade official.
Always known as a fiercely non-aligned leader, Malaysia’s Prime Minister has changed his tune on the Belt and Road.