India
SAPTA and SAFTA never took off is because all these countries were never able to focus on trade, keeping politics aside.
Speaking during Raisina Dialogue 2020 in January, Indian Naval Chief Admiral Karambir Singh claimed that the China-Pakistan Economic Corridor impinges on India’s sovereignty.
In order to halt the spread of the coronavirus pandemic (Covid-19) and to boost the public health care system and preparedness, India has taken several regulatory steps.
India has urged the countries, with which it has FTAs, to allow imports of goods without certificate of origin are currently not issuing the document on account of lockdown due to COVID-19 pandemic.
Bangladesh and India are set to start a joint study on the signing of an advanced free trade area deal under the banner of comprehensive economic partnership agreement, or CEPA, said officials.
Opening a long-pending multi-modal transportation corridor via Iran will be a big boost for bilateral trade between Russia and India, but it’s not just the economy at stake. This is a bold move against the threat of US sanctions.
India is in talks with 23 parties, including the European Union, the Gulf Cooperation Council, ASEAN and Israel, on various types of trade agreements, according to data from the central ministry of commerce and industry.
Despite India’s decision to withdraw from the final stages of negotiations to form the Regional Comprehensive Economic Partnership (RCEP), the remaining parties hope to get the free trade agreement (FTA) signed off by the end of the year.
At a joint press meet with Prime Minister Narendra Modi in New Delhi last month, American President Donald Trump had said India and the US had agreed to focus on a “comprehensive trade deal".
Asean nations have agreed to try and persuade India to return to the negotiating table for the 16 nation Regional Comprehensive Economic Partnership (RCEP) trade deal.
Trade Ministers of both countries are working on what they can offer each other.
In an effort to conclude the special Free Trade Agreement (FTA) during the FY 2020-21, the sixth round of India-Peru Trade talks are scheduled for April, as both countries are making efforts to expand their trade basket.
Moving out of the RCEP was in the interest of India’s business, External Affairs Minister S Jaishankar said on Saturday.
Lack of harmonised standards, and certification issues that increase transaction costs plague India’s FTAs
The trade impact of the coronavirus epidemic for India is estimated to be about 348 million dollars and the country figures among the top 15 economies most affected as slowdown of manufacturing in China disrupts world trade, according to a UN report.
New Zealand will look forward to a bilateral trade agreement with India if New Delhi does not join the China-backed Regional Comprehensive Economic Partnership (RCEP).
The feeling now in global trade negotiating circles is that India is a recalcitrant partner, difficult to negotiate with.
Pressure on India to join the Regional Comprehensive Economic Partnership (RCEP) has continued, including most recently from Oceania.
Former Sri Lankan Prime Minister Ranil Wickremesinghe says others can insist that they do so at least to get the SAARC summits moving.
India have to determine its way forward in this situation. Trump is focused on opening Indian markets for the imports of US agricultural products. India have to decide what we will ask in return from the US.
