Four years after India walked out of the Regional Comprehensive Economic Partnership (RCEP) agreement, neighbours Sri Lanka and Bangladesh are now considering their chances of membership in the 15-nation trading bloc. Sri Lanka has already applied to join the RCEP, and President Ranil Wickremesinghe, who begins a visit to Beijing for the Belt and Road … Read more
NEW DELHI: India did not join the Regional Comprehensive Economic Partnership (RCEP) which formally came into vogue last weekend because Indian concerns were not addressed, emphasised Foreign Minister S Jaishankar. “We took a call given that the way (RCEP) is currently, that it is not in our interest to enter this agreement as it would … Read more
HANOI: Fifteen Asia-Pacific economies signed what could become the world’s largest free trade agreement on Sunday, covering nearly a third of the global population and about 30% of its global gross domestic product. The Regional Comprehensive Economic Partnership ( RCEP) will progressively lower tariffs and aims to counter protectionism, boost investment and allow freer movement … Read more
New Delhi: US-India trade negotiations will continue to be challenging and are likely to get delayed due to the Covid-19 pandemic, said Moody’s Investors Service. The two sides have been trying to thrash out a trade package with limited scope with the long-term aim of a free trade agreement (FTA) since last year, amid a … Read more
Plus, RTAs mess up the duty structure. Ideally, duties should be lowest for raw materials, higher for intermediates and highest for finished goods, with a complication of figuring out which item is what. Synopsis Can one unambiguously conclude that all RTAs lead to trade-investment creation? No. The answer is empiricaland depends on specifics of the … Read more
NEW DELHI: The world has a lot riding on India and China given their size and the impact, External Affairs Minister S Jaishankar said on Saturday, suggesting that the future of ties between the two countries would depend on reaching “some kind of equilibrium or understanding”. In an online interaction at a CII summit, Jaishankar … Read more