India seeks market concession for rice, access for grapes, pomegranates from South Korea
At present, India does not export any non-Basmati rice to South Korea and the country imports rice from the US, China, Australia, Vietnam and Thailand. It levies 513% duty and maintains a tariff rate quota of 408,700 tonne.
RCEP nations offer India package to return to negotiating table
Members of the trade bloc urged India to convey its initial response to the p...
Indian IT likely to reprioritise China business: Analysts
Economic stress and unstable geopolitical relations are impacting IT firms' already...
Policy offensive: Time to devise trade policies to effectively counter China
Till the last minute, even as the heads of 16 nations, including Prime Minister Narendra Modi, landed in Bangkok to announce the final mega trade deal, the Indian negotiators waited for their Chinese peers to agree to a provision under which New Delhi would not be obliged to extend duty concessions if the total imports passed a predetermined cap.
View: An inward-looking India could quickly slide towards closed-mindedness, cronyism and mediocrity
Though the PM clarified that his call for self-reliance should not be mistaken for “self-centric arrangements”, this is cold comfort for those who remember the suffocating drabness of pre-liberalisation India.
Govt yet to take call on RCEP meeting invitation
The ASEAN Secretariat has invited India to attend the meeting to sort out its issues related to the proposed free trade deal. “India has received the invitation for the meeting. No decision has been taken on the issue,” said an official.
New Zealand trade ministry allays India’s dairy import fears
New Zealand is a member of RCEP and was pushing for opening up of India’s dairy sector, triggering fears of dumping of dairy products from milk-surplus countries Australia and New Zealand. Opening up of the dairy sector was one of the key concern areas for India in the RCEP talks.
RCEP offers $125 billion market for domestic companies
RCEP offers a market potential of $125-million to Indian firms, as per a World Trade Centre study.
India-US trade negotiations still a challenge: 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 plethora of unresolved trade issues.
India set to erect a Great Wall against Chinese companies
A high-level meeting at the Prime Minister's Office is expected soon to discuss the details & the extent of measures.
Why being a part of the global value chain matters for India
Global value chains create more and better jobs, accelerate economic growth and reduce poverty.
RCEP did not address our concerns: Piyush Goyal
Piyush Goyal in a written reply to the House said that during the third RCEP Leaders Summit on November 4 in Bangkok, India stated that the current structure did not reflect its guiding principles or address the outstanding issues and concerns of India, in the light of which India did not join the agreement.
All 16 leaders working to resolve India's concerns over RCEP: Japan
"All the 16 leaders are working to resolve issues related to India on RCEP in a satisfactory way," Atsushi Kaifu, Deputy Press Secretary in the Japanese Ministry of Foreign Affairs said here. His comments came a day after India and Japan held their first foreign and defence ministerial talks to further strengthen strategic ties.
Japan won’t sign RCEP if India doesn’t join
“We aren’t thinking about that at all yet,” Japan's Deputy Minister for Economy, Trade and Industry said.
Will review existing FTAs to protect interest of domestic industry: Piyush Goyal
Union Minister for Commerce and Industry, Piyush Goyal, on Monday (December 30) said that India had decided not to join the Regional Compreh...