Regional Comprehensive Economic Partnership (ASEAN+6)
The fact that China, Japan and South Korea (CJK) engaged in an agreed-upon trilateral summit framework, and bilateral dialogues on the sidelines, was no small achievement given heightened tensions between the three countries.
The six year long mobilisation led by farmers movements and trade unions have made it amply clear that rural India cannot be taken for a ride any more.
The US Mexico Canada Agreement extended the TPPA’s digital trade rules to provide even more extensive guarantees the already-dominant technology corporations. The RCEP puts a break on those developments.
Final text of Regional Comprehensive Economic Partnership (RCEP), presumably subject to technical legal review
Countries such as Australia, New Zealand, South Korea and Japan are among the first ones with which India is ready to consider individual agreements to begin with.
India was absent from two days of talks on a sprawling Asia-Pacific free trade agreement in Indonesia that ended Tuesday, fueling speculation that it may withdraw from the negotiations.
Australian High Commissioner Harinder Sidhu hope that India will seriously consider returning to the RCEP table.
The ASEAN Secretariat has invited India to participate in a meeting called in Bali on February 3 and 4 on RCEP agreement to sort out concerns of New Delhi.
Given the current ease and widespread access to information as well as the social media-facilitated civil mobilizations across the globe, political elites of the RCEP countries should be consistently mindful of such risk from the grassroot level.
The Commerce Ministry is scheduled to propose cabinet endorsement of Thailand’s participation in signing the Regional Comprehensive Economic Partnership (RCEP) by the middle of this year.
South Korea plans to bolster economic ties with Russia, Mongolia and other Central Asian nations and use the momentum to buttress recovery of the export-driven economy.
Commerce and Industry Minister Piyush Goyal on Thursday said India and the US are in an “advance stage” of dialogue to resolve some of the pressing trade issues.
Even though the government has decided to stay out of the world’s largest trade block RCEP, it offers a market potential of USD 125 billion if domestic firms improve competitiveness, as per a World Trade Centre study.
More than two months after India pulled out of the Regional Comprehensive Economic Partnership (RCEP), Foreign Minister Subrahmanyam Jaishankar has suggested New Delhi could rethink its decision.
South Korea has concluded no fewer than 99 investment agreements that allows paper companies to take advantage of investor-state dispute system.
The clash between the US and China is arrestingly sharp and deep not only because the stakes are so high and the parties so profoundly different but also because it has been brewing over several decades of increasingly intimate and complex interaction.
As participating countries are expected to sign the RCEP this year, China’s textile industry must accelerate the adjustment of products, capacity and trade structure to better integrate regional development in the next stage.
India’s decision in the final months of last year to withdraw from negotiations for the mega-regional trade agreement known as the RCEP disappointed the countries of Southeast Asia, which are also members of the ASEAN.
Japan and Australia reaffirmed their goal of concluding the envisioned RCEP free trade deal among 16 nations including India by the end of the year.
Protectionism and import substitutions are not the best ways to ensure the prosperity of all, especially the poorest of the poor, but keeping the economy open to the world is, senior Singaporean minister Tharman Shanmugaratnam has said.