Rcep Meet

The two stumbling blocks for entry into the RCEP and CPTPP are, respectively, China and domestic reform

On the issue of the carbon border adjustment mechanism (CBAM), World Bank economist Nora Dihel said that it was a big export potential for India

India to wait for final contours before formally associating with IPEF trade pillar, says Goyal

China expects the deal to significantly improve East Asia's economic integration and wants full implementation as soon as possible, according to a statement of China Ministry of Commerce on Saturday.

In this podcast, Business Standard's Subhomoy Bhattacharjee explains what is RCEP, how will it benefit member nations, why did India pull out of RCEP and more

The Regional Comprehensive Economic Partnership (RCEP) will progressively lower tariffs and aims to counter protectionism

Vietnamese Minister of Industry and Trade Tran Tuan Anh will chair the ministerial meeting on Regional Comprehensive Economic Partnership (RCEP)

Jaishankar said obviously in a globalised world, no economy can be an island unto itself

India at a meeting in November last year in Bangkok decided to withdraw from this mega free-trade agreement as its concerns were not addressed adequately by the RCEP

ASEAN and New Delhi remain committed to a free and fair multilateral trading system will powerful signal amid protectionism

India's decision to not join RCEP will have adverse implications

On November 4 in Bangkok, Prime Minister Narendra Modi took the call for not joining the RCEP agreement as its concerns were not addressed in the pact

Some experts, in addition to the government, have maintained that the reason for the walkout is India's adverse trade balance. However, many critics view this as a protectionist step

Minister also scheduled to meet US medical devices' association

Regional FTAs are out, but bilateral ones are as tough

Asked about India's stand on RCEP, MEA Spokesperson Raveesh Kumar said India's concerns and requests are available with the other 15 RCEP members.

Talks with major economies like the EU and US, among others, on trade and investment deals are stuck on similar issues

Fifteen other nations, however, went ahead with the deal after the conclusion of the summit in Bangkok, which was also attended by Prime Minister Narendra Modi

Small businesses that had suffered post demonetisation and GST would have suffered a huge blow had India signed on

Modi and his ministers are now selling his refusal to join RCEP as a victory for India's poor