REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP
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.
RCEP offers $125 billion market for domestic companies
RCEP offers a market potential of $125-million to Indian firms, as per a World Trade C...
Why being a part of the global value chain matters for India
Global value chains create more and better jobs, accelerate economic growth and ...
Budget 2020: ISSDA seeks nil duty on import of key raw materials
ISSDA also urged the government for simultaneous imposition of 12.5% custom duty on stainless steel flat product imports in order to bring it at par with carbon steel. The association has also sought abolition of 7.5% import duty on graphite electrodes, another major raw material for stainless steel manufacturing, an official statement said.
China should consider Belt and Road Initiative via Kolkata, Mumbai ports instead of PoK: Subramanian Swamy
BRI is China's global economic initiative for connecting with Europe, Africa and the rest of Asia through road and maritime routes with focus on infrastructure, transportation and energy sectors. Swamy suggested that instead of passing through PoK, the BRI corridor can enter India from Kunming in southwestern China and from Kolkata Port it can take the sea route.
Sajjan Jindal calls for development FIs
India needs development finance institutions (FIs) to fund the capital expenditure needs of Indian companies, said JSW Group chairman Sajjan Jindal.
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...
Import of wines, cars from EU may get cheaper
India has made a pitch after it decided to stay away from the RCEP agreement — the mega trade block comprising China, Japan, Korea, the Asean countries, Australia and New Zealand. After Brexit, India also proposes to push for a trade deal with the UK as it seeks greater market access for textiles and some farm products in European markets.
India, Australia 'natural partnership' registers steady growth in 2019
In November 2017, India, the US, Australia and Japan gave shape to the long-pending "Quad" Coalition to develop a new strategy for keeping the critical sea routes in the Indo-Pacific free of any influence. China has been trying to expand its military presence in the Indo-Pacific, which is a biogeographic region, including the South China Sea.
India, China resolve to intensify efforts to resolve decades-old border issue
National Security Adviser Ajit Doval and Chinese Foreign Minister Wang Yi held talks on decades-old Sino-India boundary issue on Saturday under the framework of Special Representatives dialogue.
CII for better participation by India in trade pacts
“Globally, a large part of international trade is happening via the preferential route. To increase India’s share in value chains, diversifying our export markets and export products, the country must increase its participation in RTAs,” the CII said in a report titled ‘India’s Exports — Trend, Challenges and Future Strategy’, released on Tuesday.
Positive effects of 2nd Modi-Xi informal summit are showing: China
Chinese Ambassador Sun Weidong said that discussions were underway between the two sides to operationalise a high-level economic and trade dialogue mechanism to further boost bilateral trade and investment as decided by Modi and Xi.
View: Government needs to significantly improve its policymaking process
Govt has to bring in many more talented professionals and get them involved in the policymaking process.
View: Indian exporters in need of export subsidy scheme to compete with global players
Based on a complaint by the US, a World Trade Organisation (WTO) panel has determined that India’s export subsidies are inconsistent with WTO requirements. India has appealed against the decision.
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.
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